Lagos, Nigeria – June 11, 2026 – Interswitch, Africa’s leading technology company focused on creating solutions that enable individuals and communities prosper, has announced the commencement of the national pre-qualifying examinations for Season 8 of InterswitchSPAK, its flagship science competition for senior secondary school students across Nigeria. The examination phase began on Tuesday, June 9, 2026, and will run through Tuesday, June 16, 2026, with a total of over 21,000 students nationwide sitting for the examinations. This represents a 19.7 percent increase compared to the over 18,000 registrations recorded in Season 7, underscoring continued nationwide growth and interest in the competition. Now in its eighth season, InterswitchSPAK continues to strengthen its position as one of Nigeria’s leading platforms for identifying and nurturing exceptional Science, Technology, Engineering and Mathematics (STEM) talent at the secondary school level. The national pre-qualifying examinations mark the first stage of a rigorous selection process designed to identify the brightest young minds in STEM across the country. Successful candidates will progress through subsequent stages of the competition, culminating in a televised grand finale where finalists compete for scholarships and prizes worth over ₦40 million. Speaking on the commencement of the examinations, Cherry Eromosele, Executive Vice President, Group Marketing and Communications, Interswitch, expressed delight at the continued growth and participation in the initiative.“The remarkable increase in registrations for Season 8 reflects the growing enthusiasm among young Nigerians for STEM education and innovation. We are encouraged by the confidence students, parents, teachers, and schools continue to place in InterswitchSPAK as a platform for academic excellence and opportunity. As the examinations commence, we look forward to discovering another set of exceptional young talents who will shape the future of science and technology in Nigeria,” said Eromosele. This year’s registration process also introduced an expanded access model, allowing parents and guardians to register their wards directly, alongside the traditional school-based registration approach. This enhancement contributed to broader participation and reinforced Interswitch’s commitment to creating inclusive access to educational opportunities for talented students nationwide. Over the past seven seasons, InterswitchSPAK has continued to deliver impact through scholarships, mentorship, and national recognition for outstanding students, while consistently promoting educational equity and excellence in STEM education. The overall winner of Season 8 will receive a ₦15 million tertiary scholarship, including monthly stipends. The first runner-up will receive a ₦10 million scholarship inclusive of monthly stipends, while the second runner-up will be awarded a ₦5 million scholarship, also including monthly stipends. All scholarships are payable over five years. In addition, all nine finalists will receive brand-new laptops and other exciting prizes. Beyond the top prizes, Season 8 introduces enhanced rewards for finalists placed 4th to 9th, alongside increased recognition for the teachers of students who finish in the top nine. The expanded reward structure further underscores Interswitch’s commitment to celebrating academic excellence and recognising the vital role educators play in nurturing future STEM leaders. Through InterswitchSPAK, Interswitch remains committed to investing in Nigeria’s education ecosystem and empowering the next generation of scientists, engineers, innovators, and problem-solvers who will shape the country’s future and strengthen its global competitiveness. For more information and official updates, visit https://www.interswitchspak.com/ and follow InterswitchSPAK on Instagram, TikTok, Facebook, YouTube, and X.

From Left: Santosh Rao, Managing Director, Middle East and Africa (MEA), Temenos, and Mitchell Elegbe, Group Managing Director and Founder, Interswitch Group, at the signing ceremony of a strategic partnership between Interswitch and Temenos to scale digital banking services across Africa, held recently during the Temenos Community Forum (TCF) 2026 in Copenhagen, Denmark.

Interswitch will use Temenos solutions to deliver managed services to banks and financial institutions across Africa Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, andTemenos (SIX: TEMN), a global leader in banking technology, today announced a collaboration, wherein Interswitch will adopt Temenos technology to enhance its digital banking capabilities, supporting its growth and expanding access to modern financial services across the continent.Interswitch will use Temenos solutions – across core banking, digital banking, payments, wealth management and financial crime – to provide cloud-hosted and on-premises managed services to banks and financial institutions across Africa. This will enable institutions to progressively transform their banking platform and evolve to more customer-centric business models. The service will initially support key African markets including Nigeria, Ghana, Côte d’Ivoire, Kenya and others.Jonah Adams, Managing Director for Digital Infrastructure & Managed Services (Systegra) at Interswitch, said: “By adopting Temenos’ cloud-native, composable platform, Interswitch gains the flexibility and scalability to accelerate its next phase of growth and deliver banking services that meet the needs of African markets.This is a pivotal moment for Interswitch as we accelerate our expansion beyond payments and reimagine digital banking for Africa. Our partnership with Temenos is strategic in that it allows us to introduce a highly configurable banking platform that leverages the latest cloud technologies into our technology stack. Temenos delivers on this and brings an unmatched breadth and depth of capability to support our vision and scale our services across the continent.”William Moroney, Chief Revenue Officer, Temenos, commented: “Interswitch is an important new customer and partner for Temenos in Africa. The collaboration underscores the adaptability of our platform to power innovative banking services tailored to the needs of African markets. Interswitch’s strong presence across the continent also extends our reach and further strengthens our ecosystem and partner network.”Widely known for its Quickteller and Verve brands, Interswitch operates in 32 African countries, supporting more than 300 financial institutions. Through Quickteller, its digital payments and services platform, Interswitch has played a significant role in shaping consumer and merchant payments. Verve International, a domestic payment cards and tokens scheme and a subsidiary of Interswitch, recently surpassed 100 million payment cards issued. The business continues to drive innovation in tokenization, reinforcing its position as one of Nigeria’s most widely used payment cards and token platforms.

Lagos, Nigeria – May 2026 – Quest Merchant Bank Limited has strengthened its market position following GCR Ratings’ affirmation of the Bank’s national scale issuer ratings of BBB(NG) and A3(NG), alongside an outlook revision to Stable from Rating Watch Negative. The ratings action marks a significant milestone for Quest Merchant Bank following a transformative period for the institution, reflecting renewed confidence in the Bank’s financial strength, market positioning, liquidity profile and future growth trajectory.According to GCR, the revised Stable Outlook is anchored on Quest Merchant Bank’s sound risk profile, improved capitalization and strong liquidity, alongside the successful transition of the Bank’s ownership structure following its acquisition by EverQuest LLP after the divestment by FBN Holdings.The rating agency also highlighted the Bank’s strong presence within Nigeria’s merchant banking sector, where Quest Merchant Bank accounted for c.30% of the sub-sector’s total assets as of 31 December 2025, reinforcing its position as one of the country’s leading merchant banking institutions.Further strengthening the Bank’s outlook was the successful completion of its ₦42.9 billion capital raise in March 2026 in line with the Central Bank of Nigeria’s revised minimum capital requirements. GCR noted that the capital injection is expected to further enhance the Bank’s capital adequacy position and support the next phase of business growth.Quest Merchant Bank’s asset quality and liquidity profile also remained key strengths underpinning the ratings affirmation. The Bank maintained a NPL ratio of 3.2%, significantly below the broader banking industry average, while continuing to sustain strong liquidity metrics and resilient earnings performance.GCR additionally recognised the strategic value of the Bank’s relationship with Custodian Investment Plc, noting the potential for expanded business opportunities, operational synergies and stronger profitability over time.Commenting on the development, Afolabi Olorode, Ag. Managing Director/CEO, Quest Merchant Bank Limited, said:“This outlook revision is a strong signal of confidence in the future of Quest Merchant Bank and the progress we have made in strengthening our organization over the last year.“Beyond the ratings action itself, this recognition reflects the resilience of our business, the quality of our balance sheet, and the confidence our clients, partners and stakeholders continue to place in the Bank.“We have emerged from a defining transition period stronger, well-capitalized and better positioned to capture the opportunities ahead. We remain committed to delivering innovative solutions, creating long-term value and supporting economic growth across the sectors we serve.”The Stable Outlook reflects GCR’s expectation that Quest Merchant Bank will continue to maintain sound asset quality, stable funding and strong liquidity metrics over the next 12 to 18 months, further reinforcing confidence in the Bank’s long-term strategic direction and operating fundamentals.