In 2026, Nigeria's largest commercial banks continue to maintain extensive branch networks despite the rise of mobile banking and USSD services. This strategy aims to cater to a diverse and predominantly cash-reliant population. The information is based on data compiled by Nairametrics Research from the banks' 2025 annual reports and investor presentations.

The Nigerian Education Loan Fund (NELFUND) has condemned unethical practices by some tertiary institutions, including withholding tuition refunds and arbitrarily increasing school charges, despite receiving support from the federal government. This announcement was made in a public notice by the Director of Strategic Communications, Oseyemi Oluwatuyi.

Nigeria has emerged as the leading country in Africa for the 2026 EU Erasmus scholarship program, securing 89 wins and 163 admissions. This achievement ranks Nigeria among the top five beneficiaries of the scholarship globally, according to Tribune Online.

Nigeria has been recognized as Africa's top beneficiary of the European Union's Erasmus Mundus Joint Master's scholarship programme, with 163 Nigerian students admitted this year, of which 89 have secured fully funded scholarships. This announcement was made by the European Union Ambassador to Nigeria and ECOWAS, Ambassador Gautier Mignot, during the 2026 Erasmus Mundus event.

Senior secondary school principals have suggested a thorough review of school fees due to rising operational costs and delays in government funding. This proposal indicates that parents may face increased financial burdens as schools seek to address these challenges.

Dr. Tunji Alausa, the Minister of Education, has supported the University of Benin's (UNIBEN) N100 billion Trust Development Fund, calling it a sustainable financing model that aligns with the federal government's education reform agenda. He encouraged other universities to implement similar funding initiatives during the fund's inauguration in Benin.