Union Bank of Nigeria has finalized its merger with Titan Trust Bank Limited after receiving the final approval from the Central Bank of Nigeria (CBN).
This move concludes a process that began in 2021 when Titan Trust first acquired the historic bank.
The consolidation is part of a broader trend in Nigeria’s banking sector, as institutions seek to increase their capital to meet new CBN requirements by a March 2026 deadline.
As a result of the merger, Titan Trust Bank has been fully integrated into Union Bank and will no longer operate as a separate entity.
The combined bank will retain the Union Bank brand and is now supported by an extensive network of over 293 branches and 937 ATMs across the country.
Bank executives have hailed the merger as a pivotal moment that blends Union Bank’s longstanding heritage with Titan Trust’s innovative approach.
They stated that the strategic move will create a stronger financial institution capable of delivering enhanced value and a modern banking experience to all customer segments.
The bank has assured customers that the integration will cause no disruption to services and that all account details will remain unchanged.
This development follows Union Bank’s announcement in late 2023 of its plans to delist from the Nigerian stock exchange.
Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93.
Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism.
He had done many courses in communication, including the EU-BBC Editing Course in 2002.
Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013).
He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers.
He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 – 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 – 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor.
Dele Fashomi is now the Publisher/Editor-in-Chief of Newstide247.com newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled: Olabiyi Durojaiye – DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography – AGAINST ALL ODDS. There are many other books in the works under his pen.
