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Union Bank completes merger with Titan Trust Bank

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Union Bank of Nigeria has announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria.

In a statement on Sunday, the lender revealed that the process began with the signing of a Share Sale Agreement in 2021.

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.

According to a statement from the bank’s Chief Brand and Marketing Officer, Mrs Olufunmilola Aluko, this merger positions Union Bank as an even stronger force within Nigeria’s financial services sector.

“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,” the statement disclosed.

Union Bank’s Managing Director/Chief Executive Officer, Mrs. Yetunde Oni, described the development as “a pivotal moment in our 108-year journey and a launchpad for delivering greater value to our 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.”

Also speaking on the merger, Chairman of the Board of Directors, Mr. Bayo Adeleke, said, “This 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.”

Union Bank has assured customers that there will be no disruption to existing services, noting that account details remain unchanged, and customers will continue to access a full suite of products and services seamlessly, with an accelerated push towards enhanced digital solutions.

This strategic consolidation strengthens Union Bank’s market position, unlocks operational synergies, and underscores its ambition to deliver a modern, robust, and inclusive banking experience for all.

Union Bank had earlier sent an email to its customers titled ‘This Union is Evolving’, hinting at the merger and welcoming them to a “stronger union.”

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Constituency meeting: Lagos lawmaker empowers residents

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The lawmaker representing Eti Osa Constituency I in the Lagos State House of Assembly, who doubles as the Majority Leader of the House, Noheem Adams, has empowered 250 residents of the area with N100,000 each, totalling N25m.

Adams, whose stakeholders’ meeting is the 7th in the series, stated at the event, which was held on Thursday at Orchid Hotel, Eleganza, with the Theme: “Governance In Action: The Gains Of the Renewed Hope Agenda,” that the residents of the area believed in him to have sent him to the assembly.

“I thank you all for believing in me and for sending me to the Lagos State House of Assembly. Today, I am called ‘Honourable’ because of your belief in me. I thank you for this and I promise not to ever disappoint you

“Today, I will give out N25m cash as empowerment to 250 persons, as each of them will get N100,000. We will also give out 100 Point of Sale machines to 100 of the beneficiaries of the money today to start a business in that line.

“We are not transferring money to anybody; it will be given out in cash today,” he said.

Also speaking, Senator Wasiu Sanni-Eshinlokun, representing Lagos Central at the Senate and former deputy speaker of the Lagos State House of Assembly, revealed that the National Assembly would vote N1bn for the rehabilitation of the Lekki-Epe Expressway and that he would provide books for some students resuming schools in September.

In Lagos, local political leaders have taken empowerment to the grassroots earlier this year.

In February, a member of the Lagos State House of Assembly, representing Ifako-Ijaiye Constituency 01, Adewale Temitope, empowered 500 widows with cash gifts and food items within his constituency.

The initiative, tagged “A Widows’ Valentine Special,” took place at his constituency office in Ifako-Ijaiye.

On Thursday, the Deputy Speaker of the House, Mojisola Meranda, also gave scholarships to some students in tertiary institutions and provided food palliatives to indigent households in the Apapa Constituency 1.

It was reported that the 10th constituency stakeholders meeting was held simultaneously on Thursday in all the 40 constituencies represented at the House, with empowerment being a front-burner.

In his speech delivered across the 40 constituencies in the state, the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, said this year’s theme, “Governance In Action: The Gains of the Renewed Hope Agenda,” was carefully chosen to highlight the tangible benefits of governance.

He said that this was in alignment with the Renewed Hope Initiative of President Bola Tinubu.

“Under the dynamic leadership of President Bola Tinubu, our nation has witnessed an inspiring transformation; a renewal of the national spirit and a reinvention of the Nigerian state.

“Today, I stand before you to celebrate these tangible achievements, to affirm our commitment to good governance and to reaffirm that our Renewed Hope is not merely a slogan, but a call to action and a vision in progress,” he said.

Also speaking at the event, the Chairman of Eti Osa East Local Council Development Area, Samson Agunbiade, said a town meeting was a golden opportunity not only to speak, but to seek cooperation of all, saying that no government could solve the people’s problems alone.

In his speech, the Deputy Chairman of Iru LCDA, Murisiq Ajasa, who represented the Chairman, said the council had done much in a month, including community engagement, and had reactivated ward level discussions.

“We have opened discussions on healthcare services for the residents. We have constructed the road on Ajose Adeogun. We have done an environmental cleanup to tackle flooding.

“Residents have asked for a reduction of noise in the area and we have taken action on this. We will keep partnering with the people and corporate organisations. We have created rapid responses for complaints about security,” he said.

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Wike distributes subsidised fertilisers to Abuja farmers

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The Minister of the Federal Capital Territory, Nyesom Wike, has flagged off the distribution of fertilisers at 50 per cent subsidised rates to farmers across the six area councils of the territory.

In August, the FCT Administration distributed approximately 900 metric tonnes of assorted fertilisers, donated by the Central Bank of Nigeria, through the Federal Ministry of Agriculture and Food Security, to farmers in the nation’s capital.

Minister of State for the FCT, Dr Mariya Mahmoud, acknowledged the challenges faced by the populace regarding the high cost of food items, expressing the administration’s commitment to implementing measures to address the situation.

Speaking during the flag off of the distribution of 550 metric tonnes of assorted fertilisers, including conventional NPK, granular urea, NPK gel, and urea gel fertilisers in Abuja on Thursday, the minister, represented by his Chief of Staff, Chidi Amadi, said the aim was to boost food production, stabilise prices, and strengthen food security in the territory.

“This initiative underscores our firm commitment to food security, agricultural revitalisation, and the welfare of our people. As the FAO has emphasised, food insecurity threatens dignity, stability, and peace.

“In view of this, and in alignment with Mr President’s Renewed Hope Agenda, the FCTA has institutionalised this annual support scheme to ease production costs and enhance yields.

“The timing of this exercise is deliberate – coinciding with the farming season – to ensure that farmers can access inputs when they are most needed,” he said.

The minister warned that measures had been put in place to ensure that the resources reached genuine farmers and to prevent diversion or misuse.

He acknowledged that the fertilisers were not enough, stating that together with its partners, the International Institute of Tropical Agriculture, the Japan International Cooperation Agency, the Leventis Foundation, and the World Bank, the administration was prioritising capacity building and the promotion of good agronomic practices.

“Together, these interventions are reclaiming degraded lands, supporting livelihoods, and revitalising key agricultural sectors.

“Let me reaffirm that this administration remains committed to building a prosperous, inclusive and secure city,” Wike stated.

Meanwhile, the Mandate Secretary, Agriculture and Rural Development Secretariat, Ango Abdullahi, thanked the minister for his consistent support, noting that the farmers will also receive 3,500 knapsack sprayers in addition to the fertilisers, and that there was an urgent need to strengthen the sector, as the population in Abuja continued to grow.

Abdullahi said the fertilisers will be distributed to the farmers at a 50% subsidised rate “in strict adherence” to the Minister’s directives, adding that the Secretariat was aligned with the President’s Renewed Hope Agenda, to reposition the agricultural sector of the FCT.

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Firm partners Hilda Baci for world’s largest jollof rice cook-off

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GBfoods Nigeria, through its brand, Gino, has announced a partnership with celebrity chef, Hilda Baci, to attempt a Guinness World Record for the largest pot of Jollof rice ever cooked.

It was reported that the historic cook-off, scheduled for September 12, will feature Baci preparing Jollof rice in a specially designed six-metre-wide pot.

Jollof rice — a beloved West African dish — has long been at the centre of friendly rivalries between Nigeria, Ghana, and other countries over who makes the best version.

The event is expected to attract chefs, food enthusiasts, cultural icons, and Jollof lovers from across the country.

Explaining the firm’s decision to partner Baci on the initiative, the Marketing Director, Oreoluwa Atinmo, in a statement on Thursday, noted that the company’s support for the initiative celebrates “The resilient Nigerian spirit that never settles.”

She described the free-to-attend event as “a convergence of culture and history” that will create lasting memories and reinforce Nigeria’s place at the heart of Africa’s culinary pride.

“The love and support we’ve received has been truly overwhelming, especially as Nigerians look forward to watching Hilda Baci go after an audacious dream.

“A tremendous amount of time, effort, and planning has gone into this moment, which stands as yet another opportunity for our nation to come together in the name of passion, perseverance, and of course, great food”, Atinmo added.

The statement also noted that Baci described the attempt as a way to fulfil her dreams while celebrating Nigeria’s rich culinary heritage.

“Jollof rice is more than just food; it is a symbol of who we are, our resilience, and the stories we tell through our culture. This event is not only about breaking a record; it is about celebrating our identity, our heritage, and the flavours that unite us as Nigerians and Africans.

“Together with Gino, I am honoured to take on this historic feat, and I invite everyone to come, share in the moment, and witness history being made in the name of passion, culture, and great food”, the statement quoted Baci to have said.

Hilda Baci, who gained global recognition in 2023 after breaking the Guinness World Record for the longest cooking marathon by an individual, has become a symbol of Nigerian culinary excellence.

Her latest attempt continues the growing trend of Nigerians seeking to break world records in diverse fields, showcasing creativity, resilience, and national pride.

The planned record-breaking event is expected to boost Nigeria’s cultural profile while reinforcing the country’s claim to culinary supremacy in the Jollof debate.

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