Tag: Acquisitions

Our Acquisition Of Union Bank Was Legal And Transparent – Titan Trust Bank

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Our Acquisition Of Union Bank Was Legal And Transparent – Titan Trust Bank

Titan Trust Bank has debunked the allegation of illegally acquiring Union Bank. A report by a special investigator had alleged that former Central Bank of Nigeria (CBN), Governor Godwin Emefiele, used proxies to acquire Union Bank of Nigeria. The report also indicted a late ally of former President Buhari, Ismaila Isa Funtua, in the acquisitions…

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Finance and Economy

Mergers, Acquisitions Loom As CBN Hints At Recapitalisation Of Nigerian Banks

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Mergers, Acquisitions Loom As CBN Hints At Recapitalisation Of Nigerian Banks

There are indications that mergers and acquisitions may happen soon in the financial sector in Nigeria after the Central Bank of Nigeria (CBN) hinted on the need for recapitalization of Deposit Money Banks (DMBs) in the country. The governor of the apex bank, Dr Olayemi Cardoso had disclosed that Nigerian banks are not adequately capitalised…

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