Nigerian President Bola Tinubu has urged the country's banks to rethink their approach to risk and take a more active role in driving economic growth and improving citizens' welfare. Speaking on the issue, he argued that strong profits alone are no longer sufficient, calling on financial institutions to look beyond earnings and contribute more directly to national development, according to Vanguard News.

The World Bank has warned that Nigeria's financial system is failing to direct enough credit to businesses with the greatest potential to create jobs. According to Premium Times, a World Bank official urged banks and development finance institutions to redirect capital towards productive sectors of the economy, saying current lending patterns are bypassing the country's key job creators.

The Central Bank of Nigeria (CBN) has made terrorism financing supervision a current supervisory priority as part of efforts to protect the country's financial system from abuse by illicit actors. According to a statement signed by Hakama Sidi-Alli, Acting Director of Corporate Communications and Investor Relations, the heightened oversight will focus on strengthening monitoring within the financial sector. The move underscores the regulator's commitment to combating illicit financial flows in Nigeria.

Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has urged banks to utilize the over N4.6 trillion raised from the recent banking sector recapitalisation to invest in productive sectors. This initiative aims to create jobs, support businesses, and enhance foreign exchange earnings. The recapitalisation exercise concluded on March 31, 2026.

Nigerian President Bola Tinubu has called on the country's banking and financial services sector to leverage ongoing recapitalisation efforts to boost business financing, production, and job creation. Speaking on the state of the economy, he urged banks to move beyond traditional financial intermediation, arguing that recent macroeconomic stability must now translate into broad-based prosperity for Nigerians, according to Premium Times.

Bankers in Nigeria have expressed concerns that traditional audit and governance frameworks are becoming insufficient due to the rapid advancements in artificial intelligence, which is transforming banking operations, risk management, and fraud detection. This warning was made during the 64th Quarterly General Meeting of the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) held in Lagos.