News
Union Bank pledges improved access to capital for small businesses
Lagos, Nigeria – Foremost financial institution, Union Bank of Nigeria, has reiterated its commitment to providing easy access to capital for Small and Medium-sized Enterprises in the country to boost the growth and profitability of the sector.
This assertion was made at the 2023 edition of the ‘Top 100 Fastest Growing SMEs in Nigeria’ conference recently hosted by Business Day newspaper.
The event, ‘Accelerating growth for SMEs in an era of uncertainty,’ brought together industry experts, small business owners, policymakers, and other stakeholders in the SME sector to evaluate and spotlight the activities of SMEs in Nigeria.
The well-attended conference included different panel sessions with discussions centered on many issues related to the development of SMEs in Nigeria.
Speaking at the Raising Finance for SMEs panel, Gloria Omereonye, Area Business Executive, Union Bank, shared insights on how SMEs can be supported to access finance.
According to her:
“Access to timely and adequate capital is a major need for small businesses. Creating hassle-free, seamless, and technologically innovative processes for SMEs to receive loans is a big relief for businesses looking to develop and grow their enterprises quickly. At Union Bank, we are always keen to collaborate and support entrepreneurs looking to scale up their small ventures.”
Union Bank is pleased to continue to associate with the Business Day 100 SME Conference, a platform that seeks to showcase the contributions of small and medium-sized enterprises crucial to developing the Nigerian economy.
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.
The Bank also offers customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.
A Nigerian Air Force jet has ccrashed near Karabonde, Borgu Local Government Area of Niger State.
This was disclosed by a Niger State-based online digital television network, Lapai TV, in a post on its official Facebook page on Saturday evening.
“Two Nigerian Air Force Pilots Reportedly Survive Alpha Jet Crash Close to Karabonde, Borgu Local Government Area of Niger State,” the post stated
The incident was said to have occurred Saturday evening.
At the time of filing this report, the military has yet to make any official communication about the incident.
Nigeria’s security agencies have reportedly uncovered a plan by some opposition politicians to organise protests in Sokoto and other northern states against President Bola Tinubu and National Security Adviser Nuhu Ribadu.
Fresh intelligence reports made available to journalists on Friday show that former Senator Kabiru Marafa is the main arrowhead of the plot.
The group is allegedly working to discredit NSA Nuhu Ribadu and the Minister of State for Defence, Bello Matawalle, by falsely linking them to bandit groups and using a Sokoto-based militia to trigger violent protests.
Sources say the Zamfara State Government, led by Governor Dauda Lawal, is strongly backing the plan and providing funding, determined to paint the federal security team as incompetent and force the removal of both Ribadu and Matawalle.
Security operatives detected the scheme this week, monitored several planning meetings in Gusau and Abuja, blocked funding channels, and quietly disrupted the operation.
No arrests have been made, but all the key figures are now under close surveillance.
The key figures are now being monitored by security agencies to track their key sources of funding.
Myesom Wike, the Minister of the Federal Capital Territory, FCT, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, FCT-IRS, Mr Michael Ango, of his duties.
The announcement was contained in a statement late Friday by the minister’s Senior Special Assistant on Public Communications and Social Media, Lere Olayinka.
The statement added that the decision takes immediate effect.
Olayinka said the minister directed the most senior official of the FCT-IRS to immediately assume leadership of the agency
“The Minister of the Federal Capital Territory, Nyesom Wike, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, Mr Michael Ango,” he stated.
He added that “the most senior official of the FCT-IRS has been directed to take over the running of the revenue agency with immediate effect.”
The statement did not provide reasons for the removal.
-
News2 years agoBreaking: Tinubu’s authentic ministerial nominees
-
News9 months agoSenate to speed up conclusion of Nigeria Forest Security Service Bill
-
News2 years ago“Anytime we want to kill terrorists, President would ask us to take permission from France but they were killing our soldiers-” Niger Republic coup leader
-
News2 years ago“I’m leaving the Catholic church because Bishop Onah is oppressing me,” says Okunerere
-
News2 years agoRadio Nigeria’s veteran broadcaster Kelvin Ugwu dies three months after retirement from service
-
News2 years agoDokpesi and the Gazebo Mystique
-
News2 years agoTsunami: Tinubu orders dissolution of managements, boards of MDAs, to sack all Buhari’s political appointees
-
News2 years agoPersons against Allagoa’s reforms behind protests at NSITF