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School Fees: Stanbic IBTC Offers Payment Solutions to Parents, Guardians

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By Dipo Olowookere

To help parents minimize the financial burden of school fees as schools reopen for a new term, Stanbic IBTC Bank, a member of Stanbic IBTC Holdings, has encouraged parents to take advantage of its bouquet of payment solutions.

Stanbic IBTC Bank listed its educational payment solutions to include, Short Term Loans, Salary Advance (SALAD) for salaried workers as well as its Credit Cards that parents can take advantage of to pay the school fees of their children/wards without negatively impacting the family income.

The bank said its prepaid cards are available to load pocket money for children/wards while the credit cards, which currently offer a 55-day interest moratorium, can be used to seamlessly pay school fees.

The school fees payment solutions underline the importance the financial institution attaches to education, it added.

Executive Director, Personal and Business Banking, Stanbic IBTC, Mr Babatunde Macaulay, said the educational development of children is the key to unlocking a prosperous future for the family and the bank is desirous to offer the necessary assistance to parents/guardians to ensure they bequeath their children this important legacy.

“Stanbic IBTC understands the pivotal role education can play in transforming a society, which is why we have developed these products tailored to the needs of our customers as they strive to provide quality education for their children/wards,” Mr Macaulay said.

“Stanbic IBTC, will continue to develop products and services to support the attainment of quality education.

“The school fees loan is a fast, simple and convenient way by which customers can meet their short term financial obligations to educate their children. And the repayment terms are very convenient,” he added.

Other benefits of the school fees loans, according to Mr Macaulay, include low interest rates, access to a revolving line of credit, flexible repayment terms, and the opportunity to access credit up to 100% of the customer’s income.

With schools resuming for a new term, the school fees loans will help to alleviate the financial burden parents and guardians may face in paying school fees.

On how to access the products, Mr Macaulay said the beneficiary must be a salary account holder with Stanbic IBTC Bank after which the customer can walk into any branch of the bank and apply for any of the loans in a few easy steps. The application is then processed within one week and the customer is contacted with feedback.

“Stanbic IBTC Bank will continue to leverage the expertise of the Stanbic IBTC Group to provide services and develop products that address the specific needs of our customers,” Mr Macaulay said.

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.

Standard Bank Group is the largest African bank by assets. It is rooted in Africa with strategic representation in 20 countries on the African continent, including South Africa.

Standard Bank has been in operation for 153 years and is focused on building first-class, on-the-ground financial services organisations in chosen countries in Africa and connecting other selected emerging markets to Africa and to each other, applying sector expertise, particularly in natural resources, globally.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Education

Rite Foods, JAMB to Reward Seven Outstanding Undergraduates with N35m

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Rite foods stamp black

By Adedapo Adesanya

Nigerian food and beverage company, Rite Foods Limited, has partnered with the Joint Admissions and Matriculation Board (JAMB) to reward seven exceptional Nigerian undergraduates with a total of N35 million in recognition of their outstanding academic performance during the 2025 admission exercise.

The seven beneficiaries, who emerged through a transparent and merit-based selection process coordinated by JAMB, will each receive N5 million at the maiden edition of the Academic Excellence Recognition Award Ceremony, scheduled to hold on Tuesday, June 30, in Lagos.

Announcing the initiative, JAMB’s Public Communication Adviser, Mr Fabian Benjamin, said the award celebrates students who distinguished themselves through exceptional performance in both the 2025 Unified Tertiary Matriculation Examination (UTME) and their respective Post-UTME or institutional screening exercises.

“The seven beneficiaries will each receive N5 million in recognition of their exceptional academic performance. This partnership with Rite Foods reflects our shared commitment to rewarding merit, promoting academic excellence, and inspiring young Nigerians to pursue excellence in their educational journey,” Mr Benjamin said.

Speaking on the partnership, the Head of Corporate Affairs and Sustainability at Rite Foods Limited, Mr Ekuma Eze, said the company remains committed to investing in initiatives that recognise excellence and empower the next generation of leaders.

“At Rite Foods, we believe excellence should be celebrated and encouraged. Through this partnership with JAMB, we are proud to reward these exceptional students and reinforce the message that hard work, discipline, and excellence will always be recognised. Beyond producing quality brands, we are committed to creating opportunities that inspire young Nigerians to achieve their full potential,” he said.

The award recipients represent Nigeria’s six geopolitical zones, while the seventh award will be presented to the highest-performing admitted candidate living with a disability, reflecting the initiative’s commitment to merit, inclusion, and national development.

The ceremony is expected to bring together the Minister of Education, the outgoing JAMB Registrar, Professor Is-haq Oloyede, vice-chancellors, heads of regulatory agencies, education stakeholders, corporate leaders, students, and members of the media.

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Education

Tinubu Renames PTDF College After Shehu Musa Yar’Adua

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By Adedapo Adesanya

President Bola Tinubu has approved the renaming of the Petroleum Technology Development Fund (PTDF) College of Petroleum and Energy Studies, Kaduna, in honour of the late statesman, General Shehu Musa Yar’Adua, in a move aimed at preserving his legacy while strengthening Nigeria’s specialised energy education framework.

The PTDF announced that, following a presidential directive, the institution will now be known as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology.

In a statement, the Fund said the renaming reflects the federal government’s recognition of Yar’Adua’s contributions to national unity and Nigeria’s democratic evolution.

The late statesman, who died in 1997, was a prominent Nigerian soldier, politician, and businessman. He served as the Chief of Staff, Supreme Headquarters, under General Olusegun Obasanjo’s military administration from 1977 to 1979. He was the elder brother of former Nigerian President Umaru Musa Yar’Adua.

“This historic renaming honours the enduring legacy of the late statesman, General Shehu Musa Yar’Adua, celebrating his profound contributions to national unity and the democratic journey of Nigeria,” the PTDF stated.

The institution, established to develop high-level manpower and technical expertise for Nigeria’s petroleum and energy industries, is expected to continue its academic and research activities without disruption despite the name change.

According to the PTDF, the university will maintain its focus on delivering advanced education, research and technology-driven solutions for the country’s oil, gas and emerging renewable energy sectors.

“The institution remains firmly committed to its mandate of delivering world-class research, specialised training, and cutting-edge engineering technology solutions to power Nigeria’s oil, gas, and renewable energy sectors,” the statement added.

The Fund further assured students, academic partners, industry stakeholders and development institutions that all existing programmes, collaborations and operational activities would continue seamlessly under the university’s new identity.

“All ongoing academic programs, partnerships, and operations continue uninterrupted under this new institutional identity,” PTDF said.

The renaming comes as Nigeria intensifies efforts to build local capacity and technical expertise to support energy transition goals, deepen indigenous participation in the petroleum industry and strengthen research-driven innovation across the energy value chain.

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Education

Airtel Green Schools Initiative Births to Promote Sustainability Education in Nigeria

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By Modupe Gbadeyanka

A sustainability-focused programme known as Airtel Green Schools has been launched by Airtel Africa Foundation, as part of activities to commemorate the 2026 World Environment Day, themed Climate Action.

The initiative will create environmental learning spaces in primary and secondary schools, with the spaces to be branded Airtel Garden.

Already, the company’s 10 adopted schools, located in nine states across the country’s six geopolitical zones, have been onboarded as Green Schools.

Each of the schools now features an Airtel Garden, with dedicated sections for edible crops, fruit trees and shade trees, enabling pupils to learn firsthand about food cultivation, biodiversity and the importance of increasing green cover to help mitigate the effects of climate change.

The gardens also incorporate composting stations where organic waste generated within the school environment can be converted into nutrient-rich compost. To boost circular economy practices, plastic recycling segments have also been built into repurpose common wastes such as plastic bottles and tyres.

The beneficiary schools of the programme include St. George’s Nursery and Primary School, Ipaja, Lagos; Yahaya Primary School, Zaria; Iyeru-Okin Primary School, Iyeru-Okin, Kwara; St. John Primary School, Ijebu Igbo, Ogun State, and Community Primary School, Amumara, Imo State.

Others are Presbyterian Primary School, Ediba, Cross-River; Migrant Farmers Community Primary School, Umuahia, Abia State; Gwange III Primary School, Maiduguri, Borno State; Mayflower Secondary School, Ikenne, Ogun State; and Government Day Primary School, Gombe State.

“We are excited to inaugurate Airtel Green Schools, which are designed to go beyond awareness and create real behavioural change within Nigeria’s school communities.

“Through the Restore, Reduce and Educate pillars, we are equipping young people with practical tools such as gardens, recycling awareness, and environmental learning resources.

“Our goal is to create a replicable Green School model that can be scaled and sustained over time, ensuring that environmental education becomes part of everyday learning for the children in our adopted schools,” the chairman of the foundation, Mr Segun Ogunsanya, stated.

Also speaking, the chief executive of Airtel Nigeria, Mr Dinesh Balsingh, said, “Climate action becomes meaningful when awareness is translated into action. Through the Airtel Garden, we are creating living classrooms where pupils can learn practical lessons about environmental stewardship, sustainable agriculture, waste management and the importance of protecting our planet.

“We believe that empowering young people with these experiences today will help shape a more environmentally responsible generation tomorrow.”

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