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.