Union Bank of Nigeria has bagged the
Best SME Growth Banking Initiatives Award for 2025, reaffirming its reputation
as a premier supporter of local commerce.
The accolade was presented by the
Association of Small Business Owners of Nigeria at the Nigeria National SME
Business Awards recently held in Lagos.
The award recognises the Bank’s
strategic leadership in advancing the growth and resilience of small and
medium-sized enterprises through a differentiated suite of solutions designed
to enable business expansion and long-term value creation.
Receiving the award on behalf of the
bank, Head of the SME Segment at Union Bank, Ayokunnumi Abraham, described the
recognition as a strong endorsement of the institution’s commitment to the
sector.
“We are honoured to receive this
recognition, which reflects Union Bank’s continued commitment to helping SMEs
grow by making banking simpler, faster, and more accessible,” Abraham said.
“Through enhancements to our specialised
platforms, such as Union360, we have meaningfully reduced the time it takes for
businesses to come on board and begin transacting,” he added.
He further noted that these digital
improvements have shortened onboarding times, increased digital adoption among
SME customers, and accelerated the acquisition of new business clients.
“Our focus remains on delivering
practical solutions that help Nigerian businesses thrive,” he added.
ASBON, in partnership with the Lagos
State Government through the Ministry of Commerce, Cooperatives, Trade, and
Investment, brought together public and private sector stakeholders to
celebrate organisations making meaningful impact across Nigeria’s SME ecosystem.
Established in 1917, Union Bank remains
a leading provider of financial services in Nigeria, guided by its “Simpler,
Smarter Banking” philosophy. With more than 300 branches and a digital suite,
including mobile banking, trade finance, and equipment leasing, the Bank helps
public and private sectors achieve lasting success.
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