Education
School Fees: Stanbic IBTC Offers Payment Solutions to Parents, Guardians
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.
By Aduragbemi Omiyale
A free educational initiative to equip children with practical Science, Technology, Engineering and Mathematics (STEM) skills needed to grow, thrive and prosper in a rapidly evolving world has been put together in Lagos.
The programme, Young Innovators Camp, commenced on Monday in the Lekki area of Lagos State. It is organised by MONAT, with Fidelity Bank as the sponsor.
Participating children, who must be between 4 and 10 years, will have a hands-on learning experience focused on creativity, innovation, problem-solving and critical thinking. They will be introduced to age-appropriate STEM concepts, guided build sessions and other engaging activities designed to stimulate curiosity and encourage practical learning.
The camp will also feature small group learning with facilitators, financial literacy sessions, creative activities, and other interactive experiences that support confidence-building among participants.
Every participant will also receive a specially curated gift pack filled with educational resources and STEM learning materials to encourage continued exploration and learning at home, making the camp both a memorable and transformative experience.
The Young Innovators Camp reinforces Fidelity Bank’s ongoing investment in initiatives that prepare children and young people for the future. It builds on the bank’s education-focused interventions, including initiatives such as SWEETA, which supports children, and the lender’s broader CSR agenda, which prioritises youth empowerment, education, skills development and access to opportunities that can improve long-term outcomes for individuals and communities.
“The future will be shaped by those who can solve problems, think creatively, and harness technology to improve lives.
“At Fidelity Bank, we believe these abilities should be nurtured from an early age.
“Through the Young Innovators Camp, we are giving children the opportunity to explore science, technology, engineering and mathematics in a fun, practical and engaging way that inspires curiosity, builds confidence, and encourages innovation.
“We want every child who participates to leave believing that they have the potential not just to succeed in the future, but to help create it,” the Divisional Head of Brand and Communications at Fidelity Bank, Mr Meksley Nwagboh, said.
“As a bank committed to helping people grow, thrive and prosper, we see education, particularly STEM education, as a strategic investment in Nigeria’s future.
“Today’s young innovators will become tomorrow’s engineers, scientists, entrepreneurs, inventors and technology leaders.
“By partnering with Monat, we are investing in a generation equipped with the skills, mindset and confidence to solve real-world challenges, create opportunities, and contribute meaningfully to national development.
“This is more than a summer camp; it is about unlocking potential and inspiring the next generation of innovators,” he added.
By Modupe Gbadeyanka
The top 81 students of the flagship Science, Technology, Engineering and Mathematics (STEM) competition for senior secondary school students in Nigeria, InterswitchSPAK, have emerged.
They were chosen from the national pre-qualifying examinations, which attracted over 21,700 participants from secondary schools nationwide.
The chosen candidates distinguished themselves through exceptional performance in the examination, earning places in the next stage of the competition.
The organisers of the programme, Interswitch, one of Africa’s leading integrated payments and digital commerce companies, disclosed in a statement that the successful young scholars will now proceed to the next phase of the contest, where they will undergo further assessments at the highly anticipated televised stages airing from November 2026 to January 2027, gaining the opportunity to compete for tertiary education scholarships and prizes worth over N40 million.
“The emergence of these 81 exceptional students is a testament to the incredible talent, resilience and promise that exists among young Nigerians.
“At Interswitch, we believe that investing in STEM education is critical to building the innovators, problem-solvers and technology leaders who will shape Africa’s future.
“While we celebrate those advancing to the next stage, we are equally proud of every student who participated and demonstrated the courage to challenge themselves and pursue excellence,” the Divisional Head for Brands Communications, Content and CSR at Interswitch, Tomi Ogunlesi, stated.
Business Post reports that this year’s participation represents an approximated 19.7 per cent increase over the 18,200 students who registered for Season 7, further underscoring the growing national interest in STEM education and reinforcing InterswitchSPAK’s position as one of Nigeria’s foremost platforms for identifying, nurturing and rewarding exceptional young scientific talent.
Now in its eighth season, InterswitchSPAK continues to provide a national platform that rewards academic excellence while equipping outstanding students with opportunities for mentorship, exposure and life-changing educational support. Beyond the competition itself, the initiative reflects Interswitch’s long-standing commitment to advancing education, promoting innovation and developing the human capital required to drive Africa’s digital future.
By Modupe Gbadeyanka
No fewer than 60 students from the host communities of Dangote Granite Mines in Ijebu-Igbo have received bursary awards in a bid to improve access to education in the area.
The beneficiaries were awarded the financial aid over the weekend by the company at a ceremony attended by monarchs, community leaders and others from the vicinity.
Dangote Granite Mines, a subsidiary of Dangote Industries Limited (DIL), said it gave out the bursary to cement its commitment to educational advancement and sustainable community development.
The beneficiaries, comprising 40 tertiary institution students and 20 secondary school students, were selected from the four host communities of Ayebandele, Olorunmodu, Saliu Babarisi and Idi Omo under the company’s annual education support programme.
The General Manager of Community Relations at Dangote Granite Mines, Mr Joseph Alabi, described the bursary scheme as one of the organisation’s most impactful investments in the future of its host communities.
According to him, education remains a powerful catalyst for individual and societal advancement, making it imperative for corporate organisations to support young people in achieving their academic aspirations.
“Every year, we are delighted to support brilliant and deserving students from our host communities because we recognise that education is the foundation of sustainable development.
“These beneficiaries represent the next generation of leaders, professionals and change-makers who will contribute meaningfully to society,” Mr Alabi said.
He highlighted several interventions undertaken by the company over the years, including classroom rehabilitation, donation of school furniture, healthcare support initiatives and the provision of potable water through solar-powered boreholes.
“Our commitment extends beyond annual bursaries. We have consistently implemented projects that improve access to education, healthcare and other essential services. Our goal is to ensure that our operations create lasting value and tangible benefits for our host communities,” he stated.
Commending the initiative, the Sopinlukale of Oke-Sopin, Ijebu-Igbo, Mr Mufutau Adesesan Yusuf, lauded Dangote Granite Mines for its longstanding dedication to community development and educational empowerment.
“For more than a decade, Dangote Granite Mines has consistently fulfilled its commitments to our communities through meaningful and impactful interventions. The annual bursary programme has become a source of hope and encouragement for many families, enabling students to pursue their educational ambitions,” the monarch said.
Some of the student beneficiaries expressed appreciation to the firm for the annual gesture, promising not to disappoint the company but to continue to display academic excellence that earned them the awards.
