Treasurers urge firms to embrace AI, automation

The Association of Corporate Treasurers of Nigeria (ACTN) has urged businesses to adopt artificial intelligence, automation, and predictive technologies to enhance treasury operations and better anticipate financial risks. ACTN President and Chairman, Adeyinka Ogunnubi, emphasized during the unveiling of the Treasury360 Conference, Exhibition, and Corporate Treasury Awards 2026 in Lagos that treasury teams must move beyond traditional responsibilities to become strategic partners in corporate decision-making.

Ogunnubi highlighted the importance of embracing innovation to provide forward-looking insights, identify emerging risks, assess different scenarios, and guide business decisions. He cautioned against adopting technology without adequate safeguards, stressing the need for accurate data, effective internal controls, cybersecurity, skilled personnel, and clear accountability.

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