Business
Union Bank Wins 2025 SME Banking Award for Support to Nigerian Businesses
Union Bank of Nigeria has received the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria at the Nigeria National SME Business Awards held in Lagos.
The award recognises the bank’s role in supporting the growth of small and medium-sized businesses through digital banking solutions, faster onboarding systems, and financial services tailored to entrepreneurs.
The recognition comes at a time when many Nigerian SMEs continue to face rising operational costs, inflation pressures, limited access to finance, and currency volatility.
Why the Award Matters
Small and medium-sized businesses remain one of the largest contributors to employment and economic activity in Nigeria.
According to industry estimates, SMEs account for a significant share of Nigeria’s businesses and provide jobs for millions of people across sectors including retail, agriculture, technology, manufacturing, and services.
Financial institutions have increasingly focused on digital banking tools to simplify payments, reduce paperwork, and improve access to financing for small businesses.
Union Bank said its SME-focused platforms, including Union360, have helped reduce customer onboarding time and improve digital adoption among business owners.
Receiving the award on behalf of the bank, Ayokunnumi Abraham, Head of SME Segment at Union Bank, said the recognition reflected the institution’s commitment to helping businesses grow.
“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,” he 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 that the bank’s digital improvements had increased adoption among SME customers while supporting the acquisition of new business clients.
“Our focus remains on delivering practical solutions that help Nigerian businesses thrive,” Abraham said.
Public and Industry Perspectives
Business analysts say recognition for SME-focused banking initiatives highlights the growing importance of digital financial services in Nigeria’s economy.
Economic observers note that access to efficient banking services has become increasingly critical for entrepreneurs dealing with cash flow challenges and expansion plans.
Some SME operators have also called for banks to go beyond digital platforms by improving access to affordable credit and reducing transaction costs for smaller businesses.
The awards ceremony was organised by ASBON in partnership with the Lagos State Ministry of Commerce, Cooperatives, Trade and Investment and brought together public and private sector stakeholders focused on Nigeria’s SME ecosystem.
What’s Next for Union Bank?
Union Bank said it plans to continue expanding customer-focused financial solutions aimed at supporting business growth across Nigeria.
Founded in 1917, the bank operates more than 300 branches nationwide and provides retail, corporate, and digital banking services.
The lender has continued to position itself around its “Simpler, Smarter Banking” strategy as competition intensifies among Nigerian banks in the SME and digital banking space.
More information is available on the Union Bank official website.
Business
Boca Energy Resources Limited Celebrates Mothers Worldwide on Mother’s Day 2026
Boca Energy Resources Limited has joined global celebrations marking Mother’s Day 2026, paying tribute to mothers for their contributions to families, communities, businesses, and society at large.
In a statement released on Sunday, the energy company praised mothers for their “love, resilience, sacrifices, and leadership,” describing them as central to social progress and economic development across the world.
The company said the annual celebration goes beyond recognising women in the home, noting that many mothers continue to balance family responsibilities while contributing to sectors such as healthcare, education, governance, entrepreneurship, and community service.
“Today, we celebrate mothers for their immeasurable contributions to society. Their sacrifices, wisdom, resilience, and unconditional love inspire hope and create lasting change in families and communities worldwide,” the company stated.
Why Mother’s Day 2026 Matters
Mother’s Day continues to serve as a global moment for reflection on the role of women in society, especially amid growing conversations around workplace inclusion, gender equality, childcare support, and economic participation.
Across Nigeria and other parts of the world, organisations are increasingly using the occasion to highlight issues affecting women, including access to opportunities, workplace equity, healthcare, and family wellbeing.
Boca Energy Resources Limited said supporting women through empowerment initiatives and inclusive workplace policies remains important for sustainable growth and stronger communities.
The company also called on governments, organisations, and individuals to continue recognising and supporting mothers beyond symbolic celebrations.
“Every mother deserves recognition, respect, and celebration—not just today, but every day. Their strength and sacrifices continue to inspire generations,” the statement added.
Corporate Support for Women and Families
Experts say more companies are integrating family-friendly policies and gender-inclusive programmes into their corporate social responsibility strategies as businesses face increasing public expectations around diversity and inclusion.
According to workplace development advocates, companies that support women through flexible work policies, leadership opportunities, and wellbeing programmes often see stronger employee engagement and long-term productivity.
Boca Energy Resources Limited said it remains committed to initiatives that promote community development, social impact, and inclusive growth.
The company described mothers as “the foundation of a stronger and more compassionate society,” recognising their influence as caregivers, professionals, mentors, and leaders.
Industry and Public Reactions
Mother’s Day messages from corporations, institutions, and public figures have continued to trend across social media platforms, with many users praising mothers for their sacrifices and resilience in difficult economic times.
Business analysts say corporate messages tied to social causes can also strengthen brand trust when backed by meaningful action and long-term commitments to community support.
For many readers, the message resonates with ongoing conversations about work-life balance, women’s empowerment, and the invisible labour carried out daily by mothers worldwide.
What’s Next?
As Mother’s Day celebrations continue globally, advocacy groups are expected to renew calls for stronger policies supporting women, including improved maternal healthcare, workplace protections, childcare systems, and economic opportunities.
Companies are also likely to face increasing pressure to move beyond commemorative messages and demonstrate measurable support for women and families through practical initiatives and investment.
Business
Ogun Customs Adopts Digital Border Surveillance, Seizes ₦6.7bn Contraband in 41 Days
The Ogun I Area Command of the Nigeria Customs Service (NCS) says it is shifting from traditional border patrol operations to a technology-driven enforcement system as authorities intensify efforts to combat smuggling and transborder crimes.
The Command announced the transition during a press briefing in Idiroko on Tuesday, where officials also unveiled seizures worth more than ₦6.7bn recorded within 41 days.
Acting Customs Area Controller, Deputy Comptroller O.O. Afeni, said the Command had entered “a new era of digital enforcement” through the deployment of geospatial technology and intelligence-led operations across border corridors.
According to Customs, the seizures included more than 10,000 parcels of cannabis indica, foreign rice, vegetable oil, petrol, expired food products, and other prohibited imports.
Why the crackdown matters
The development highlights Nigeria’s growing reliance on digital surveillance and intelligence gathering to tackle smuggling networks operating along porous border communities.
Customs officials say the strategy is designed to strengthen border security while reducing delays for legitimate businesses and cross-border trade operators.
Afeni said the reforms align with the modernization agenda introduced by the Comptroller-General of Customs, Bashir Adewale Adeniyi.
“This transition marks a fundamental shift from traditional patrolling to intelligence-led operations,” Afeni said.
He explained that the Command was moving away from heavy stop-and-search patrols and adopting surveillance systems capable of identifying smuggling hotspots and tracking illegal trade routes in real time.
Officials say the system is also expected to improve transparency and reduce operational bottlenecks for traders.
Major seizures recorded
The Ogun I Area Command said it recorded 73 seizures within five weeks through intelligence-led patrols and surveillance operations.
The intercepted items included:
10,126 parcels of cannabis indica weighing about 4,627kg
1,759 bags of foreign parboiled rice
2,685 kegs of smuggled vegetable oil
14,550 litres of Premium Motor Spirit (PMS)
77 cartons of Analgin injection without NAFDAC approval
50 cartons of expired Maggi seasoning
66 bales of second-hand clothing
205 packs of footwear
16 cartons of organic honey
Six live pangolins
The Command said the cumulative Duty Paid Value (DPV) of the seizures stood at ₦6.77bn.
Customs officials estimated that the cannabis haul alone had a street value exceeding ₦5bn.
Afeni said several interceptions were made along the Shagamu Interchange and Ogere axis, areas authorities identified as major smuggling corridors.
Concerns over drug trafficking and insecurity
Customs warned that rising narcotics trafficking poses increasing risks to public safety and national security.
According to Afeni, the Ogun I Area Command has intercepted 26,002 parcels of cannabis since January 2026.
He said the seizures were not merely enforcement statistics but part of broader efforts to curb criminal activities linked to drug abuse.
“The rise in drug abuse poses serious threats to national security and public health,” Afeni warned.
The Customs official linked narcotics trafficking to crimes including kidnapping, cultism, armed robbery, and terrorism.
Security analysts have repeatedly identified Nigeria’s border communities as vulnerable transit routes for illicit drugs and smuggled goods due to weak surveillance infrastructure and organized smuggling syndicates.
Trade facilitation and revenue generation
Beyond anti-smuggling operations, Customs says the digital enforcement system is also improving trade facilitation.
The Command disclosed that between March 16 and May 12, 2026, it generated ₦125.4m through baggage assessments and auction sales of seized petroleum products.
Officials also said the Command facilitated the export of 95 metric tonnes of goods with a Free on Board (FOB) value exceeding ₦1bn.
Afeni said complaints about multiple checkpoints along trade routes had reduced significantly.
“We are not just catching smugglers; we are clearing the path for honest businesses,” he said.
The Command added that its operations were being aligned with the World Customs Organization SAFE Framework of Standards, which promotes secure and efficient global trade.
Inter-agency collaboration
The Ogun I Area Command credited its recent successes to intelligence-sharing and collaboration with other security agencies.
Afeni commended the support of the National Drug Law Enforcement Agency (NDLEA), Department of State Services (DSS), Nigeria Immigration Service, and the Nigeria Police Force.
He said the Command would continue leveraging technology, intelligence, and inter-agency cooperation to dismantle illicit trade networks operating around Nigeria’s borders.

Industry and public perspective
Trade experts say the success of digital customs enforcement could help Nigeria reduce revenue leakages while improving investor confidence in cross-border commerce.
However, analysts note that long-term success will depend on sustained investment in border technology, personnel training, and regional intelligence cooperation.
Border communities and transport operators have also frequently raised concerns about the economic impact of smuggling activities and security threats along transit routes.
What’s next?
Customs authorities say the next phase of reforms will focus on expanding surveillance capabilities, strengthening intelligence gathering, and improving trade efficiency.
The agency says it aims to create a system that balances strict border enforcement with easier movement for compliant businesses and exporters.
Business
Rite Foods Marks Mother’s Day, Celebrates Women Driving Families and Workplaces Across Nigeria
Rite Foods Limited has celebrated Mother’s Day by recognising the contributions of women and mothers whose daily efforts continue to shape homes, workplaces, and communities across Nigeria.
The food and beverage company said this year’s celebration was aimed at honouring the “strength, resilience, sacrifice, and nurturing spirit” of women, including female employees who balance professional responsibilities with motherhood.
Mother’s Day was observed globally on Sunday, May 10, with organisations, families, and public figures paying tribute to mothers and caregivers.
Rite Foods said the occasion highlights the often unseen role women play in supporting family life, raising children, and contributing to economic and social development.
Why It Matters
Across Nigeria, women continue to play a significant role in both the formal and informal economy, while also carrying much of the responsibility for caregiving and household management.
Workplace inclusion and support for women have become increasingly important topics for businesses, especially as companies seek to improve gender representation, employee wellbeing, and work-life balance.
Rite Foods said recognising women’s contributions goes beyond celebration and reflects the need for more supportive and inclusive work environments.
Company Leadership Praises Women’s Contributions
Speaking on the significance of Mother’s Day, the Managing Director and Chief Executive Officer of Rite Foods, Seleem Adegunwa, described mothers as one of society’s “greatest pillars”.
“Mothers embody strength, selflessness, resilience, and love. They are builders of families, shapers of values, and drivers of progress,” he said.
“Their ability to give endlessly, nurture consistently, and rise above challenges deserves not just recognition, but deep appreciation and celebration. At Rite Foods, we are proud to honour women and mothers whose contributions continue to inspire excellence every day.”
The company said it remains committed to creating an inclusive workplace where women can grow professionally while balancing career and family responsibilities.
Everyday Family Moments at the Centre of the Campaign
Rite Foods also linked the celebration to the role women play in creating everyday family experiences, from preparing meals and school routines to moments of refreshment and bonding at home.
The company said its products, including Bigi soft drinks, Fearless energy drinks, and its sausage brands, are designed to support “refreshing, convenient, and memorable moments” for families.
Corporate Affairs Team Highlights Women’s Resilience
The Head of Corporate Affairs and Sustainability at Rite Foods, Ekuma Eze, also praised women within and outside the organisation.
“The strength of women and mothers is extraordinary. Their resilience, patience, compassion, and ability to hold families together while excelling professionally are truly inspiring,” Eze said.
“At Rite Foods, we celebrate women not only for what they do, but for who they are, the backbone of families, the heartbeat of communities, and a vital force in nation-building.”
Industry and Public Perspective
Gender inclusion advocates say more Nigerian companies are increasingly using global observances such as Mother’s Day and International Women’s Day to promote conversations around workplace equality, employee welfare, and family-friendly policies.
Business analysts also note that companies with stronger diversity and inclusion policies often benefit from improved employee retention, productivity, and brand reputation.
For many working mothers, balancing career demands with caregiving responsibilities remains a major challenge, particularly in sectors with limited flexible work arrangements.
What’s Next?
As conversations around women’s empowerment and workplace inclusion continue, corporate organisations are expected to face growing pressure to translate public celebrations into long-term policies that support women’s professional advancement and wellbeing.
Analysts say issues such as maternity support, equal opportunities, leadership representation, and flexible work arrangements are likely to remain key areas of focus for Nigerian employers.
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