# Union Bank of Nigeria

> Source: https://docs.barcoder.ai/docs/wallets/union-bank-nigeria
> research date 2026-06-01 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Union Bank Nigeria — official](https://www.unionbankng.com/)

## Overview

**Union Bank of Nigeria** is **NGX: UBN** + **Nigerian commercial bank** + **Titan Trust Bank Nigerian commercial bank parent post-Jun 2022 ~$500M+ acquisition + Mar 28 2024 Union Bank + Titan Trust Bank legal merger consolidation** + **Nigeria's third-oldest commercial bank since 1917** <sup>[1][1], [Nigeria report](https://docs.barcoder.ai/docs/payments/NG)</sup>.

## History

**1917 — Colonial Bank Nigeria founded as Nigerian commercial bank during British colonial era** distinctive Nigerian banking heritage.

**1979 — Colonial Bank Nigeria renamed Union Bank of Nigeria UBN**.

**Jun 2022 — Titan Trust Bank acquires majority controlling stake in Union Bank of Nigeria for ~$500M+**.

**Mar 28 2024 — Union Bank + Titan Trust Bank legal merger consolidation**.

**2014 — Union Mobile mobile banking app launch**.

## Ownership & operator

**Operating entity**: **Union Bank of Nigeria UBN** (Nigerian commercial bank; NGX: UBN).

**Major shareholders**: **Titan Trust Bank Nigerian commercial bank parent post-Jun 2022 ~$500M+ acquisition + Mar 28 2024 Union Bank + Titan Trust Bank legal merger consolidation**.

**Regulators**: **CBN Central Bank of Nigeria**.

## Technical integration

Union Mobile app (iOS + Android) + unionbankng.com online + Union Bank of Nigeria branch network across Nigeria + Union Visa + Mastercard + Verve cards; NG IBAN + NIBSS Instant Payments + NQR Nigeria.

## Implementations & partners

**Major Nigerian banking + payments competitors**: [Zenith Bank](https://docs.barcoder.ai/docs/wallets/zenith-bank) (Zenith Bank; NGX: ZENITHBANK; Nigerian commercial bank; one of Nigeria's largest commercial banks; Jim Ovia founder + controlling) + [First Bank of Nigeria (FirstMobile)](https://docs.barcoder.ai/docs/wallets/first-bank-nigeria) (First Bank of Nigeria FBN; NGX: FBNH; Nigeria's oldest commercial bank since 1894) + [GTBank (Guaranty Trust Bank; GTWorld)](https://docs.barcoder.ai/docs/wallets/gtbank) (Guaranty Trust Bank GTBank; NGX: GTCO; Nigerian commercial bank; one of Nigeria's largest commercial banks) + [Access Bank](https://docs.barcoder.ai/docs/wallets/access-bank) (Access Bank; NGX: ACCESSCORP; Nigeria's #2 commercial bank by assets) + [UBA (United Bank for Africa)](https://docs.barcoder.ai/docs/wallets/uba) (UBA United Bank for Africa; NGX: UBA; Pan-African banking group across 20+ African countries) + [Ecobank / Ecobank Mobile App](https://docs.barcoder.ai/docs/wallets/ecobank) (Ecobank Transnational Inc; ETI; Pan-African banking group across 35+ African countries) + [Stanbic IBTC Nigeria / Stanbic IBTC Mobile 3.0 (APPbility)](https://docs.barcoder.ai/docs/wallets/stanbic-ibtc) (Stanbic IBTC; NGX: STANBIC; Standard Bank Group Nigerian subsidiary) + [OPay](https://docs.barcoder.ai/docs/wallets/opay) (OPay; Nigerian super-app + mobile money; Opera + Softbank Vision Fund + others; ~50M+ Nigerian OPay users) + [Carbon](https://docs.barcoder.ai/docs/wallets/carbon) (Carbon Nigeria digital bank) + [Kuda Bank](https://docs.barcoder.ai/docs/wallets/kuda-bank) (Kuda Bank Nigerian digital bank) + [Flutterwave](https://docs.barcoder.ai/docs/wallets/flutterwave) (Flutterwave; Nigerian fintech) + [Paystack](https://docs.barcoder.ai/docs/wallets/paystack) (Paystack; Stripe-owned Nigerian payment processor).

**Regulators**: CBN Central Bank of Nigeria.

## Status

**Active, NGX:UBN + Nigerian commercial bank + Titan Trust Bank Nigerian commercial bank parent post-Jun 2022 ~$500M+ acquisition + Mar 28 2024 Union Bank + Titan Trust Bank legal merger consolidation + Nigeria's third-oldest commercial bank since 1917** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.unionbankng.com/ "Union Bank Nigeria — official"
[2]: https://en.wikipedia.org/wiki/Union_Bank_of_Nigeria "Union Bank Nigeria — Wikipedia"
[ng-cro]: https://docs.barcoder.ai/docs/payments/NG

- [1] [Union Bank Nigeria — official][1]
- [2] [Union Bank Nigeria — Wikipedia][2]
- <sup>[Nigeria report](https://docs.barcoder.ai/docs/payments/NG)</sup> In-corpus: `reports/countries/NG-nigeria.md`

## Source

Biography extracted from [union-bank-nigeria.md](https://docs.barcoder.ai/source/wallets/union-bank-nigeria). See `matrix.md` for standards-support matrix if present.