Sunday, September 21, 2025
24.6 C
Lagos

Union Bank of Nigeria Completes Merger with Titan Trust Bank

Union Bank of Nigeria, one of the nation’s longest-standing financial institutions, today announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN).

This milestone concludes a process that began with the signing of a Share Sale Agreement in 2021 and positions Union Bank as an even stronger force within Nigeria’s financial services sector. Under the terms of the merger, Union Bank has fully absorbed Titan Trust Bank’s operations and assets.

The combined institution will continue to operate under the Union Bank brand, while Titan Trust Bank ceases to exist as a separate entity.

With an expanded footprint of over 293 service centres and 937 ATMs nationwide, supported by strengthened digital channels, Union Bank is poised to deliver enhanced value across retail, SME, and corporate segments. The merger combines Union Bank’s trusted heritage with Titan Trust’s agility and innovation, creating a platform for sustainable growth and broader financial inclusion.

Union Bank’s Managing Director and Chief Executive Officer, Mrs. Yetunde Oni, described the development as “a pivotal moment in our 108-year journey, and a launchpad for delivering greater value to our customers. By blending stability with innovation, we are better positioned to meet the evolving needs of Nigerians and to be their most trusted financial partner.”

Also speaking on the transaction, Chairman of the Board of Directors, Mr. Bayo Adeleke, said: “This is a new era of growth, collaboration, and shared prosperity. By bringing together the strengths of both institutions, we are committed to creating lasting value for our customers, shareholders, and communities while advancing Nigeria’s financial inclusion agenda.”

The Bank has assured customers that there will be no disruption to existing services. Account details remain unchanged, and customers will continue to access a full suite of products and services seamlessly, with an accelerated push towards enhanced digital solutions.

This strategic consolidation strengthens Union Bank’s market position, unlocks operational synergies, and underscores its ambition to deliver a modern, robust, and inclusive banking experience for all.

 

spot_img
spot_img

Hot this week

Stanbic IBTC Bank Unveils APPbility to Transform Digital Financial Lanscape in Nigeria

In a milestone move for digital banking, Stanbic IBTC...

Fidelity Bank Commences Disbursement of FGN MSME Intervention Funds

Tier One Lender, Fidelity Bank Plc has commenced the...

Fidelity Bank Extends GAIM 6 Promo, Ups Total Cash Rewards to N189m

Fidelity Bank Plc, a leading financial institution, has announced...

PenCom Plans Redesign of Micro Pension Plan to Deepen Financial Inclusion

The National Pension Commission (PenCom) has reiterated that it...

Sovereign Trust Insurance Board Visits NAICOM in Abuja

L-R: Shedrach Odoh, Director, Sovereign Trust Insurance Plc, Eric...

Topics

NCDMB ES, SPDC Officials Visit Brightwaters Energy, Laud firm’s Capabilities for Industry Projects

Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe leading top...

Sino-Nigerian Economic Integration: Deepening Trade and Capital Links

The week-long visit of President Muhammadu Buhari to China...

Universal Insurance Reports N15.25bn Premium, N2.8bn Profit in 2024

L-R: Dr. Jeff Duru, Managing Director/CEO, Universal Insurance Plc;...

JUMIA Seeks Better Infrastructure for e-Commerce in Africa

Francis Dufay, the Managing Director of JUMIA Côte d’Ivoire has called for better infrastructure to foster rapid and sustainable growth of the e-commerce sector in Africa. He said Côte d’Ivoire "has the basics of the different types of infrastructure" needed for e-commerce and "the challenge remains to improve each of these elements." E-commerce is based on four key infrastructures: Internet, logistics, payment and the legal framework. Although JUMIA managed to transcend the limitations inherent to each type of infrastructure, allowing it to route some 2,000 parcels daily, several points would benefit from qualitative evolutions; including: Logistics with a need for; better roads, 3PL offering the highest quality of service at competitive prices and a more comprehensive addressing system. Payment; where the widespread adoption of cashless payment methods such as mobile money for which JUMIA enjoys the expert support of MTN, should be encouraged. The regulatory and organisational framework could benefit from more education for stakeholders for a better understanding of contractual implications. And internet, whose penetration estimated at 8 million people in Côte d'Ivoire, remains curtailed.

Vodafone Plans Indian Stock Market Listing

Vodafone is reportedly planning a stock market listing for...

Reps to Visit Arik, Aero Airlines on Assessment

L-R: Mr. Aminu Ismail, Executive Director, Operations, Asset Management...

Equities Market Opens H2:2018 in the Red… NSE ASI down 0.9%

Profit taking in market bellwethers dragged the performance of...

Interswitch Partner SlimTrader on MoBiashara Portal for Hotels

Interswitch, an Africa-focused digital payments and commerce company is...
spot_img

Related Articles

Popular Categories

spot_imgspot_img