Union Bank of Nigeria says it has completed its merger with Titan Trust Bank after receiving final approval from the Central Bank. The deal comes three years after Titan acquired Union Bank in 2022.
Under the merger, Union Bank has absorbed all operations and assets of Titan Trust Bank, which ceases to exist as a separate entity. The institution will continue trading under the Union Bank name with over 293 branches and 937 ATMs nationwide.
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The bank’s managing director, Yetunde Oni, described the merger as a pivotal moment in its 108-year history, while chairman Bayo Adeleke said it marked a new era of growth and financial inclusion. Officials assured customers that account details and services will remain unchanged.
Union Bank says the consolidation strengthens its market position and expands digital banking. It comes as Nigerian banks race to raise fresh capital before the March 2026 deadline set by the Central Bank.
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