Union Bank Reiterates Support for Small Businesses at BusinessDay Top 100 SME Conference

Union Bank Reiterates Support for Small Businesses at BusinessDay Top 100 SME Conference

Leading financial institution, Union Bank of Nigeria, has reiterated their support for Small and Medium-sized Enterprises in the country to drive increased growth and development.

This commitment was made during the recently held ‘Top 100 Fastest Growing SMEs in Nigeria’ conference hosted by Business Day newspaper.

The event themed ‘How SMEs can Thrive in an Age of Volatility’ was well attended by various stakeholders in the SME sector, including entrepreneurs, industry experts, start-ups, and financiers.

From L-R Linda Ochugba, Digital Sales Manager, BusinessDay Media; Ayokunnumi Abraham, Head, Small & Medium-sized Enterprises (SME) Products & Segments Union Bank; Frank Aigbogun, Publisher/CEO, BusinessDay Media; Olufunmilola Aluko, Head, Corporate Communication & Marketing, Union Bank; and Chima Nwaubani, Brand Manager, Union Bank at the BusinessDay Top 100 Fastest Growing SMEs Conference recently held in Lagos, Nigeria.

The event had different panel sessions to discuss the multiple problems facing SMEs in Nigeria.

Speaking on the Funding for SMEs panel, Ayokunnumi Abraham, Head, Small and Medium-sized Enterprises (SME) Products & Segments Union Bank, said SMEs need to pay attention to capacity building and keeping proper financial records. According to him:

“SMEs must focus on building capacity and developing the necessary skills to increase their expertise if they hope to succeed in this volatile age.

SMEs also need to embrace technology and digital tools as an enabler for business growth while ensuring their books and records are organised if they hope to attract funding from the right financial partner.”

Business Day Newspaper presented Union Bank with The SME Financier of the Year award in Nigeria at the awards ceremony held that same evening in recognition of the bank’s efforts to support and promote the growth of the SME sector in the country.

About Union Bank Plc

Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognisable brand with an extensive network of over 300 branches across Nigeria.
The Bank currently offers a variety of banking services to both individual and corporate clients, including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance.

In addition, the Bank also offers its customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems

Related post

Towards A Stronger Union – Year 105 in Review

Towards A Stronger Union – Year 105 in Review

2022 was a remarkable year for Union Bank of Nigeria (“Union Bank”). The leading financial institution celebrated its 105th year of…
Union Bank Unveils Brand New Sonic Identity – The Sound of Union

Union Bank Unveils Brand New Sonic Identity – The…

Union Bank of Nigeria has launched a brand-new sonic identity tagged ‘The Sound of Union. At 105 years, the Bank is…
Facts Emerge on Fidelity Bank’s Acquisition of Union Bank UK

Facts Emerge on Fidelity Bank’s Acquisition of Union Bank…

We refer to the news regarding the announcement of the proposed acquisition of Union Bank UK Pic. (“UBUK”) by Fidelity Bank.…