Lagos, Nigeria | September 8, 2025 – Union Bank of Nigeria Plc has announced plans to attract a core investor as part of its post-merger restructuring, following the successful integration of TitanTrust Bank into its operations.
The development comes after the Central Bank of Nigeria (CBN) granted final regulatory approval, officially sealing the merger deal. According to sources familiar with the matter, the move is aimed at repositioning the century-old lender after what has been described as two turbulent years under regulatory oversight.
In a statement released by Union Bank, management confirmed that the consolidation marks a new phase for the financial institution, with a focus on strengthening its capital base, expanding its digital footprint, and enhancing customer experience.
Financial experts note that the search for a core investor will be pivotal in restoring market confidence, improving liquidity, and ensuring long-term competitiveness in Nigeria’s increasingly dynamic banking sector.
The merger with TitanTrust, which began in 2022, represents one of the most significant consolidations in the Nigerian banking industry in recent years. Analysts say the next phase, bringing in a strong strategic investor, could determine whether Union Bank reclaims its historical position as one of Nigeria’s leading financial institutions.
