Union Bank of Nigeria has officially completed its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN). The consolidation marks a significant milestone in Nigeriaās banking sector, resulting in the full absorption of Titan Trustās operations and assets into Union Bank.
As part of the merger, Titan Trust Bank ceases to exist as a separate entity. The combined institution will continue to operate under the Union Bank brand, integrating Titan Trustās agility with Union Bankās 108-year legacy.
According to Union Bankās Head of Brand and Marketing, Mrs. Olufunmilola Aluko, the transition will be seamless for customers, with no changes to account details or access to services. The bank now boasts over 293 service centres and 937 ATMs nationwide, serving more than 8 million customers.
The merger positions Union Bank among Nigeriaās top ten banks by assets and is seen as a strategic response to the CBNās 2026 recapitalisation deadline, which has prompted consolidation across the industry.
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