JUST IN: Union Bank completes merger with another Nigerian commercial Bank
JUST IN: Union Bank completes merger with another Nigerian commercial Bank
The Union Bank of Nigeria has announced the successful completion of its merger with Titan Trust Bank Ltd, following final approval from the Central Bank of Nigeria (CBN).
A statement by Union Bank’s Managing Director and Chief Executive Officer, Mrs Yetunde Oni disclosed in Lagos.
According to Oni, this milestone concludes a process that began with the signing of a Share Sale Agreement in 2021.
She added that it repositioned the bank to become a 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.
Oni described the development as a pivotal moment in the bank’s 108-year journey and a launch-pad for delivering greater value to its 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,” she said.
Also speaking, Chairman of the Board of Directors, Mr Bayo Adeleke, said the transaction 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,” Adeleke said.
He assured customers that there would be no disruption to existing services.
He added that, account details remain unchanged and customers would continue to access a full suite of products and services seamlessly, with an accelerated push towards enhanced digital solutions.
He said that the strategic consolidation strengthens the bank’s market position, unlocks operational synergies and underscores its ambition to deliver a modern, robust and inclusive banking experience for all.(NAN)
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Governor, Emir, over 3 million crowd gather for Sheikh Ibrahim Nyass’ Maulud
Governor, Emir, over 3 million crowd gather for Sheikh Ibrahim Nyass’ Maulud
An estimated 3 million followers of Tijaniyya Islamic Sect from within and outside the country, on Saturday, converged on Katsina for the celebration of Sheikh Ibrahim Nyass’ Maulud, 2026.
The News Agency of Nigeria (NAN) reports that the event which took place at Muhammad Dikko Stadium, Katsina, was organised by the “Majma’u Ahbab Sheikh Ibrahim Nyass”.
The Chairman, organising committee, Sheikh Muhammad Hadi-Balarabe, said that they anticipated about 4 million guests from the 36 states and the Federal Capital Territory (FCT), as well as West and North African countries.
NAN gathered that almost all hotel rooms in Katsina metropolis were occupied by those who came from far places, the situation made some residents to provide their unoccupied houses for their visitors as a demonstration of hospitality.
Those who could not afford to lodge in hotel rooms slept in the stadium in spite of the cold weather.
Before 9a.m. of Saturday, the stadium had already filled to capacity, both the seats and pitch were occupied by people, while all available surrounding spaces inside the stadium were later occupied by people.
The dual carriage road linking to the venue from the WTC roundabout up to Barhin roundabout was filled up by people.
NAN also observed that the event presented opportunities for traders, especially those selling food, water, soft drinks, herbal medicine, clothing materials, books, among others to make brisk businesses.
Addressing the gathering, Sheikh Ibrahim Dahiru-Bauchi, thanked the Katsina State Government for hosting the historic event and prayed Allah to bring lasting peace, stability and prosperity to the state, Northern Nigeria and the country in general.
In his remarks, the Emir of Kano, Alhaji Muhammad Sanusi II, urged Muslims to continue to stand firm in obeying the commandments of their creator.
He advised them to intensify efforts in seeking Allah’s forgiveness, follow the footsteps of the Prophet Muhammad (Peace Be Upon Him), endeavour to seek for knowledge, and engage in business activities to become self reliant.
Gov. Dikko Radda of Katsina, thanked the organisers for choosing his state to host the 2026 Maulud.
He appreciated the scholars for offerings prayers for peace and stability in the state and the country at large.
Radda revealed that with such prayers, peace was gradually returning to the state and urged them to sustain the prayers for the overall betterment of the state and Nigeria.
Sheikh Ibrahim Nyass’ eldest son, Sheikh Mahi Ibrahim-Nyass, represented by his younger brother, Sheikh Muhammad Ibrahim-Nyass, prayed Allah to repose the soul of the revered Islamic scholar, Sheikh Dahiru Usman-Bauchi, who passed away some months ago.
He urged the Muslims across the globe to continue to be united, love one-another and uphold the sect firmly.
A special prayer was also offered for Katsina, Nigeria and the leaders. (NAN)
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Expatriate kidnapped as Police officer is shot dead by suspected gunmen
Expatriate kidnapped as Police officer is shot dead by suspected gunmen
Unknown gunmen on Saturday invaded Aqua Triton Company in Ogunmakin, near Ibadan, abducting an expatriate and killing a police officer attached to him.
The Police Public Relations Officer, DSP Ayanlade Olayinka, confirmed the incident in a statement made available to journalists in Ibadan.
Olayinka said the police officer was killed while repelling the attack, adding that some of the abductors sustained gunshot injuries.
“There was an attack at Aqua Triton Company in Ogunmakin, near Ibadan, where unidentified gunmen stormed the facility in a commando-style operation.
“One police officer tragically died while repelling the attack, injuring some assailants, and the Chinese expatriate principal was abducted,” Olayinka added.
He said the Commissioner of Police, Femi Haruna, ordered the Assistant Commissioner in charge of Operations to lead anti-kidnapping and tactical teams to the scene.
According to him, bush-combing operations are ongoing, while investigations continue to rescue the victim and arrest those responsible. (NAN)
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President Tinubu returns to Nigeria after Abu Dhabi outing
President Tinubu returns to Nigeria after Abu Dhabi outing
President Bola Tinubu has returned to Nigeria after participating in the 2026 Abu Dhabi Sustainability Week (ADSW 2026).
Presidential spokesperson, Mr Bayo Onanuga, disclosed this in a statement issued on Saturday in Abuja.
The president attended the summit alongside some members of his cabinet.
On the sidelines of the summit, Nigeria signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE).
The agreement is aimed at deepening economic cooperation, boosting bilateral trade and investment, and enhancing technology transfer.
It will also expand collaboration in key sectors, including energy, infrastructure, agriculture, mining and renewable energy.
In his address at the summit, Tinubu announced that Nigeria and the UAE would jointly host INVESTOPIA in Lagos in February.
The initiative is designed to attract global investors and accelerate sustainable investment inflows into Nigeria.
Tinubu also said Nigeria targets mobilising up to $30 billion annually in climate and green industrial finance.
He said the funds would support energy transition reforms and expand nationwide access to electricity. (NAN)
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