Education
Stanbic IBTC Creates School Fees Payment Products for Parents
By Dipo Olowookere
As children prepare and get excited to resume of the 2019/2020 academic session this month, some parents are running helter skelter looking for how they can pay school fees.
But Stanbic IBTC Bank Plc, a member of Stanbic IBTC Holdings Plc, has come to the rescue with the introduction of a suite of educational payment products that will ease the burden of school fees which parents and guardians have to bear.
Stanbic IBTC Bank Plc, being a Nigerian bank, specifically developed the educational products, taking cognisance of the country’s cultural nuances.
The first of the solutions is the EZ cash loan/advance. Parents and wards, who are strapped for cash at the point when school fees payment are due, can take advantage of the EZ cash loan which gives access to loans, in less than a minute, to pre-approved customers.
Salaried employees can also take advantage of Salary Advance (SALAD), another of the bank’s short-term loans that are quick and easy to get.
Another of Stanbic IBTC Bank Plc’s educational products is an international money transfer solution for payment of school fees and allowances abroad.
Added to that are prepaid cards which can be preloaded with 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.
According to the CEO of Stanbic IBTC Bank, Dr. Demola Sogunle, the bank attaches a high premium to learning, hence the need to develop solutions which parents and guardians can take advantage of to ensure that their wards get the desired level of education.
“We are a Nigerian bank and we realise that whilst parents and guardians may have desired levels of education for their children, funding may be a deterrent in the pursuit of these dreams.
“We have hence developed these products which will ease the burden of school fees payment while also providing satisfaction to the parents and guardians that their wards are getting good education,” he said.
Mr Sogunle identified a deep understanding of Nigeria and developing tailor-made solutions as factors that distinguishes Stanbic IBTC Bank as a leading Nigerian financial institution.
He added that the bank’s loan products offer fast, simple and convenient ways by which customers can meet their short-term financial obligations to educate their wards, with very convenient repayment terms.
Other benefits of the school fees loans are: access to a revolving line of credit, flexible repayment terms, and the opportunity to access credit up to 100 percent 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.
The Stanbic IBTC Bank chief explained that the conditions for accessing the loan products were having a salary account with the bank; or having investments with any of the Stanbic IBTC group subsidiaries.
Loan applicants can walk into any branch of the bank and apply for any of the education loans in a few easy steps. The application is then processed and the customer is contacted with feedback.
Stanbic IBTC Holdings is a Nigerian financial institution with eight subsidiaries and an estimated staff strength of 5,000 Nigerians.
Furthermore, 80 percent of the Stanbic IBTC board members are Nigerian.
Education
Fidelity Bank Renovates Anambra Community Secondary School
By Aduragbemi Omiyale
An administrative building at the Community Secondary School, Enugwuabo Ufuma, in Orumba North Local Government Area of Anambra State has been renovated by Fidelity Bank Plc.
The project underscores the bank’s long-standing commitment to investing in education as a catalyst for sustainable development, according to the Regional Bank Head for Fidelity Bank, Mr Nosa Orumwense, at a ceremony to officially hand over the building to the school’s leadership.
It was gathered that the leading financial institution comprehensively renovated the one-storey administrative block to address infrastructural challenges faced by the school.
“For us at Fidelity Bank, this project represents more than a building. It represents opportunity, progress, and a shared commitment to building a better future for our youths here in Enugwuabo Ufuma and beyond.
“By improving the educational infrastructure of this community, we are providing students and teachers with an environment that promotes learning, discipline, and pride,” Mr Orumwense stated.
On her part, the Commissioner for Education, Professor Ngozi Chuma-Udeh, who represented the Governor of Anambra State, Professor Chukwuma Soludo, described the project as a true demonstration of corporate social responsibility.
“Corporate social responsibility is what gives an organisation its human nature. What Fidelity Bank has done reflects compassion and a genuine commitment to touching lives,” she said.
“This school was earlier placed on an emergency list due to the deplorable condition of its buildings. During my last visit, I was genuinely concerned about the safety of both students and teachers. Today, the school wears a new look, thanks to Fidelity Bank’s support,” she added.
The Commissioner also expressed the state government’s appreciation to Fidelity Bank, saying, “We thank Fidelity Bank for this intervention, which clearly demonstrates the true meaning of corporate social responsibility – making tangible impacts that improve lives and strengthen communities.”
Education
Saint Riman of Adedokun International Schools Ota Wins InterswitchSPAK 7.0
By Modupe Gbadeyanka
A student of Adedokun International Schools, Ota, Ogun State, Saint Riman, has emerged as the overall winner of the InterswitchSPAK National Science Competition.
The 16-year-old student was crowned Nigeria’s Best STEM Student, receiving a N15 million scholarship in the InterswitchSPAK 7.0 grand finale.
InterswitchSPAK is the flagship Corporate Social Responsibility initiative of Interswitch, one of Africa’s leading integrated payments and digital commerce companies.
The programme is Nigeria’s largest STEM competition for senior secondary school students. It concluded on a high note after months of nationwide assessments, problem-solving challenges, and competitive stages involving over 18,000 registered participants.
Business Post reports that David Okorie of Caleb International College, Magodo, Lagos State, was the first runner-up, getting N10 million in scholarship, while David Solomonezemma of Deeper Life High School, Enugu State, was the second runner-up, bagging a N5 million scholarship. All winners also received brand-new laptops in addition to other exciting prizes.
While presenting the awards, the Group Marketing and Communications for Interswitch, Ms Cherry Eromosele, commended the students for their discipline, resilience, and exceptional intellectual performance.
“InterswitchSPAK was created to inspire and reward excellence in STEM education while equipping young Africans with the skills to tackle real-world challenges.
“These winners have demonstrated remarkable promise, and by supporting their education, we are reaffirming our belief in the power of young people to shape Africa’s future through innovation and science,” Ms Eromosele said.
Beyond the top three winners, other finalists received brand new laptops and exciting cash rewards for outstanding performance, alongside their teachers who were also celebrated and rewarded for their critical role in nurturing talent. This holistic approach reinforces Interswitch’s commitment to sustainable educational development through collaboration between students, educators, and institutions.
Now in its seventh year, InterswitchSPAK has become a highly respected platform, serving as a pipeline for discovering, developing, and empowering the next generation of scientists, engineers, technologists, and innovators. Through this initiative, Interswitch continues to highlight how strategic private sector investment in education can drive innovation, reward merit, and contribute meaningfully to national development.
The successful conclusion of InterswitchSPAK 7.0 underscores Interswitch’s leadership in advancing STEM education as a catalyst for socio-economic growth, preparing Nigerian students to compete confidently on the global stage while shaping Africa’s innovation-driven future.
Education
Zurich-based Sparkli Raises $5m for Generative Learning Platform
By Dipo Olowookere
A Zurich-based anti-chatbot edtech firm, Sparkli, has secured about $5 million pre-seed round for its generative learning engine designed to turn screen time into active learning expeditions that foster agency, curiosity, and future-ready skills.
The pre-seed round will allow Sparkli to scale its generative learning engine and prepare for a private beta launch in January 2026. The company is currently validating its platform through a strategic pilot with one of the world’s largest private school groups.
This partnership provides Sparkli with a powerful testing ground across a network of more than 100 schools and over 100,000 students.
Sparkli transforms the curiosities of children into multi-disciplinary, real-life journeys that foster future-ready skills, including technology, design thinking, sustainability, financial literacy, entrepreneurship, emotional intelligence, and global awareness.
The company is already positioning itself to disrupt the $7 trillion global education market, a sector widely predicted to be one of the most significant use cases for artificial intelligence.
Its approach is shaped by three shifts essential for modern childhood education, a strategy designed to solve the ‘Agency and Curiosity Gap’. First, it forces a Velocity Shift by moving away from static curriculums to real-time relevance where children explore new topics the moment they emerge.
Second, it drives an Engagement Shift by replacing the dry ‘AI chatbot wall of text’ and passive screen time (watching videos, playing video games) with a multimodal playground of visuals, voice, and playable simulations. This turns consumption into active, gamified inquiry rooted in educational value.
Finally, Sparkli prioritizes a Skills Shift that focuses on capabilities such as creativity and complex problem solving rather than memorization.
“Our goal is to build agency in the next generation. Children learn by exploring, making choices, asking questions, and discovering what inspires them. Sparkli turns screen time into a place where curiosity grows rather than fades,” the chief executive of Sparkli, Mr Lax Poojary, said.
One of the funders, Lukas Weder of Founderful, said, “Sparkli represents a step change in how children can interact with knowledge.
“The team is applying high caliber engineering and thoughtful pedagogy to a space that desperately needs innovation. Their traction with schools shows a real appetite for tools that foster curiosity and agency rather than passive consumption.”
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