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Union Bank Finalises Merger with Titan Trust Bank After CBN Approval

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

The development marks the conclusion of a process that began in 2021 with the signing of a Share Sale Agreement. Under the new structure, Union Bank has fully absorbed Titan Trust Bank’s operations and assets. The merged institution will continue to operate under the Union Bank brand, while Titan Trust ceases to exist as a separate entity.

Expanded Reach Across Nigeria

The merger has significantly expanded Union Bank’s footprint, now boasting over 293 service centres and 937 ATMs nationwide, in addition to strengthened digital channels. According to the bank, the integration brings together Union Bank’s heritage of over a century with Titan Trust’s agility and innovation, positioning the institution for sustainable growth.

Union Bank stated that it will continue to focus on retail, SME, and corporate segments, while driving broader financial inclusion through technology.

Leaders React to the Merger

Union Bank’s Managing Director and 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.”

The Chairman of the Board of Directors, Mr Bayo Adeleke, also welcomed the milestone, saying: “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.”

Customer Assurance

The bank has assured customers that there will be no disruption to existing services. Account details remain unchanged, and customers will continue to access a full suite of banking products seamlessly. Union Bank also revealed that it will accelerate investments in enhanced digital solutions to improve customer experience.

A Stronger Position in Nigeria’s Banking Sector

Industry analysts say the consolidation reflects a growing trend of mergers in Nigeria’s banking sector, as institutions seek to strengthen their capital base, expand networks, and leverage technology to serve an increasingly digital customer base.

Union Bank’s leadership emphasised that the merger not only strengthens its market position but also unlocks operational synergies that will support long-term growth.

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Unity Bank Corpreneurship Challenge: OAU, UNN Graduates Win N800,000 Grants at NYSC Camps

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Fresh graduates from Obafemi Awolowo University (OAU), University of Nigeria, Nsukka (UNN), and other tertiary institutions have won cash grants of up to N800,000 in the latest edition of Unity Bank’s Corpreneurship Challenge.

The winners emerged during business pitch sessions held at Batch C, Stream 2 of the National Youth Service Corps (NYSC) orientation camps across 10 states.

The competition forms part of Unity Bank’s flagship Entrepreneurship Development Initiative, designed to help corps members turn business ideas into viable ventures.

Who won what?

At the Lagos NYSC Orientation Camp, Awolumate Fawaz Babatunde, a Civil Engineering graduate of The Polytechnic, Ibadan, clinched the N800,000 grand prize after pitching a fashion design business.

Ugwoke Daniel Ifechukwu, a graduate of UNN, finished as first runner-up, receiving N500,000.

In Rivers State, Abdur-Razaq Sayfullah Adebola, an OAU graduate, topped the competition at the Nonwa Gbam Tai camp with a footwear-making business proposal.

Olatunde Esther Funmilayo of Olabisi Onabanjo University won in Kwara State after presenting a deodorant production and services business plan.

Additional winners emerged from Abuja, Niger, Adamawa, Jigawa, Plateau, Kaduna, and Delta States.

Why It Matters

Nigeria faces rising youth unemployment and shrinking white-collar job opportunities.

For many graduates, the NYSC year is increasingly becoming a transition period into entrepreneurship rather than salaried employment.

Unity Bank says the programme is designed to close the funding gap young entrepreneurs often face at the start of their careers.

Speaking on the initiative, Mrs Adenike Abimbola, Divisional Head, Retail, SME & E-Business at Unity Bank Plc, said:

“The Corpreneurship Challenge has been driven by our commitment to boosting entrepreneurship among young people, especially fresh graduates. At Unity Bank, we recognise that many young Nigerians possess viable business ideas but lack the initial capital and support to bring them to life. The Corpreneurship Challenge was designed to bridge that gap by providing financial backing, mentorship, and confidence to fresh graduates at a critical stage of their lives.”

She added:

“What we see every edition is innovation, resilience, and a strong desire among young graduates to create value and jobs. By supporting them early, we are not only helping individuals, but also contributing to the growth of the SME ecosystem and the broader economy.”

The Corpreneurship Challenge is delivered in partnership with the NYSC Skill Acquisition and Entrepreneurship Development (SAED) initiative.

Since its inception, the programme has supported 638 young entrepreneurs nationwide, with cumulative grants reportedly reaching up to N300 million.

Government & Policy Context

The initiative aligns with the Federal Government’s push to promote self-employment among graduates.

With public sector hiring slowing and private sector absorption limited, entrepreneurship is increasingly viewed as a pathway to economic stability and job creation.

What’s Next?

Unity Bank says it plans to expand the reach of the Corpreneurship Challenge across more NYSC camps.

The bank says the initiative forms part of its broader strategy to drive financial inclusion, job creation, and sustainable economic growth.

For many corps members, the next step will be translating pitch ideas into real businesses in competitive markets.

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Union Bank Executives Inducted as ARCON Registered Advertising Practitioners in Lagos

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L-R: (Front Row Seated) Chief Brand and Marketing Officer, Union Bank of Nigeria, Mrs. Olufunmilola Aluko; Director-General, Advertising Regulatory Council of Nigeria (ARCON), Dr. Olalekan Olumuyiwa Fadolapo; and Director Regulation, Monitoring and Enforcement, ARCON, Mrs. Emme Akande with (Back Row Standing) 2nd Right, Head Strategic Brand Management, Union Bank, Alvin Agorom; 5th Right, Head Product Marketing, Ejiebhen Egbomondion; 6th Right, Head Strategic Communications and Media, Olufisayo Adelekun with other Union Bank Inductees during their induction by ARCON as Registered Advertising Practitioners of Nigeria held at the Stallion Plaza in Marina, Lagos recently.

Senior marketing executives of Union Bank of Nigeria have been inducted as Registered Advertising Practitioners by the Advertising Regulatory Council of Nigeria (ARCON).

The induction ceremony took place at Stallion Plaza, Marina, Lagos.

The event marks a formal recognition of the bank’s senior brand and marketing professionals under Nigeria’s advertising regulatory framework.

Why It Matters

ARCON is Nigeria’s statutory regulator for advertising and marketing communications.

The body ensures that practitioners meet professional, ethical and regulatory standards.

For financial institutions like Union Bank, compliance with advertising regulations is increasingly important as digital marketing expands and consumer protection concerns grow.

The Induction Ceremony

Those inducted include Union Bank’s Chief Brand and Marketing Officer, Mrs Olufunmilola Aluko.

Also present were the Director-General of ARCON, Dr Olalekan Olumuyiwa Fadolapo, and ARCON’s Director of Regulation, Monitoring and Enforcement, Mrs Emme Akande.

Other Union Bank executives inducted include Alvin Agorom, Head of Strategic Brand Management; Ejiebhen Egbomondion, Head of Product Marketing; and Olufisayo Adelekun, Head of Strategic Communications and Media.

The ceremony formally registers them as licensed practitioners under Nigerian law.

ARCON’s Expanding Role

ARCON has in recent years intensified enforcement of advertising regulations, including sanctioning unregistered practitioners and non-compliant campaigns.

The regulator says its goal is to sanitise the industry and protect consumers from misleading or unethical advertising.

What’s Next?

ARCON is expected to continue expanding registration and enforcement across industries.

For Union Bank, the induction signals a commitment to aligning its brand communication strategy with regulatory standards.

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iGoGlobal Launches Couples Week Promo With Free Wellness Products for Members

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iGoGlobal International has announced a new promotional campaign aimed at encouraging joint participation and account upgrades within its global network.

The initiative, tagged “Couples Week,” rewards members who activate new registrations or upgrade existing accounts with complimentary units of the company’s wellness products.

The company says the offer is part of a broader strategy to strengthen community growth while promoting personal health and financial empowerment.

How the Couples Week promo works

Under the promotion, rewards increase depending on the membership package activated.

Members who sign up or upgrade to the Presidential package will receive seven complimentary wellness units, while those choosing the Royal package get four units.

The First Class package attracts three units, the Business package comes with two units, and the Advanced package offers one unit.

According to iGoGlobal, upgrades from Economy or Premium packages to higher tiers will be treated as fresh registrations, allowing members to access the full promotional benefits.

However, Economy and Premium packages are excluded from the Couples Week offer.

Why it matters

Direct-selling companies often rely on incentives to drive engagement, retention, and network expansion.

For members, the incentive reduces the cost of entry into higher packages while providing access to wellness products that would normally require additional spending.

Company reaction

Speaking on the promotion, an iGoGlobal spokesperson, Mr Emmanuel, described it as a timely opportunity for members.

“Couples Week just got hotter. This is a prime opportunity for our global community to accelerate their business momentum while securing our most sought-after wellness products,” he said.

The company added that the campaign reflects its dual focus on entrepreneurship and healthy living.

What’s next

iGoGlobal says the Couples Week promotion is time-limited, urging interested members and prospective partners to act quickly.

Further details on package tiers and rewards are available on the company’s official website and through local distributors.

About iGoGlobal International

iGoGlobal International is a global direct-selling company focused on wellness solutions and entrepreneurial development.

Through its tiered membership structure, the company says it aims to help individuals improve their quality of life while building sustainable income streams.

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