Treasurers urge firms to embrace AI, automation
AI Executive Briefing
Verified Synthesis~74s readThe Association of Corporate Treasurers of Nigeria has urged businesses to deploy artificial intelligence, automation and predictive technologies to strengthen treasury operations and anticipate financial risks rather than merely respond to market developments. The association said treasury teams must move beyond traditional responsibilities such as cash management, payment processing, funding and risk management to become strategic partners in corporate decision-making.
Context & Background
- ✦Ogunnubi said the growing complexity of the business environment had made it necessary for treasury professionals to embrace innovation and provide forward-looking insights to support corporate resilience and growth.
Key Figures & Named Entities
2026:The President and Chairman of Council, ACTN, Adeyinka Ogunnubi, stated this during the unveiling of the Treasury360 Conference, Exhibition and Corporate Treasury Awards 2026 on October 30 in Lagos.2026:Unveiling the theme of the 2026 conference, ‘The Intelligent Treasury: Evolving from Reactive to Proactive Foresight Through AI, Automation and Predictive Decision-Making’, Ogunnubi said organisations increasingly needed treasury teams that could identify emerging risks, assess different scenarios and guide business decisions.2027:He welcomed the CBN’s and the National Information Technology Development Agency’s data localisation initiatives, including the requirement for payment transaction data generated in Nigeria to be stored and managed locally from January 2027.
Outlook & Next Steps
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Key Takeaways
Verified Extract- The Association of Corporate Treasurers of Nigeria has urged businesses to deploy artificial intelligence, automation and predictive technologies to strengthen treasury operations and anticipate financial risks rather than merely respond to market developments.
- The association said treasury teams must move beyond traditional responsibilities such as cash management, payment processing, funding and risk management to become strategic partners in corporate decision-making.
- Ogunnubi said the growing complexity of the business environment had made it necessary for treasury professionals to embrace innovation and provide forward-looking insights to support corporate resilience and growth.
Key Facts:2026: The President and Chairman of Council, ACTN, Adeyinka Ogunnubi, stated this during the unveiling of the Treasury360 Conference, Exhibition and Corporate Treasury Awards 2026 on October 30 in Lagos.2026: Unveiling the theme of the 2026 conference, ‘The Intelligent Treasury: Evolving from Reactive to Proactive Foresight Through AI, Automation and Predictive Decision-Making’, Ogunnubi said organisations increasingly needed treasury teams that could identify emerging risks, assess different scenarios and guide business decisions.2027: He welcomed the CBN’s and the National Information Technology Development Agency’s data localisation initiatives, including the requirement for payment transaction data generated in Nigeria to be stored and managed locally from January 2027.23 February: He also acknowledged the National Sovereign Cloud Initiative and the Cyber Resilience Framework for the Nigerian Communications Sector, whose obligations take effect on 23 February 2027.
Editorial Excerpt
The Association of Corporate Treasurers of Nigeria has urged businesses to deploy AI and automation to strengthen treasury operations and anticipate financ
Frequently Asked Questions About This Story
What is the latest development regarding Lagos State?
The Association of Corporate Treasurers of Nigeria has urged businesses to deploy artificial intelligence, automation and predictive technologies to strengthen treasury operations and anticipate financial risks rather than merely respond to market developments.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Lagos State, Central Bank of Nigeria.
What timeline or key figures were confirmed?
The President and Chairman of Council, ACTN, Adeyinka Ogunnubi, stated this during the unveiling of the Treasury360 Conference, Exhibition and Corporate Treasury Awards 2026 on October 30 in Lagos.
