Monday, September 1, 2025
28.8 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

Ecobank Nigeria @ 40: Group Unveils N60m in Cash Rewards Program for Customers

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

GOCOP 2025: Conference on Governance Challenges, Prospects Set for October 9

The Guild of Corporate Online Publishers (GOCOP) has announced...

NCC Advances Cybersecurity Framework to Safeguard Nigeria’s Telecom Infrastructure

L-R: President, International Youth Parliament, Hon. Promise Digos; Chief...

Northwest: The Lion’s Share of Tinubu’s Projects

By Tanimu Yakubu Director-General Budget Office of the Federation The Lagos Illusion The...

From Devaluation to Domination: How Tinubu’s Exchange Rate Reforms Turned the Naira into Nigeria’s Export Engine

By Tanimu Yakubu When President Bola Ahmed Tinubu’s administration...

Topics

PenCom: ‘We are Committed to Safety of N14.2tr Pension Funds’

The National Pension Commission (PenCom) said it is committed...

‘Digitalisation is Transforming Insurance for Consumers, Suppliers’

Tope Smart Chairman Nigerian Insurers Association (NIA) Digital transformation empowers consumers to...

AMCON, Customs, FMOF on Buhari’s 1st Term Record

R-L: Dr. Eberechukwu Uneze, Executive Director, Asset Management Corporation...

Losses in Bellwethers Drag Domestic Bourse into the Red…NSE ASI Down 44bps

After starting the trading day on a positive note...

Emirates, flydubai Partnership Announce First Codeshare Routes

Following the commencement of their partnership, Emirates and flydubai...

Is This the End of USSD Banking in Nigeria?

By Elvis Eromosele For years, USSD (Unstructured Supplementary Service Data)...

Orange Unveils Entrepreneur Club for Start-ups in Africa, Middle East

Orange is launching the Entrepreneur Club, a new space...

Agent Banking Grows by 1000 New Agents Monthly

Launched in 2016, Quickteller Paypoint was designed to take...
spot_img

Related Articles

Popular Categories

spot_imgspot_img