The goals and objectives of the Institute include:

1. Promoting Banking Education in Nigeria through:
• Conducting Banking Examinations;
• Organizing Lectures, Seminars and Conferences on Banking, Finance and other Allied Subjects;
• Conducting Research in Banking Theory and Practice with special reference to local conditions;
• Publication of Professional and other Banking text and materials
• Conducting Tutorials and Training in Banking and Finance
• Providing Consultancy Services in Banking, Finance and related Businesses.
2. Upholding and ensuring the observance of high ethical standards and professionalism in the Banking and Finance industry.
3. Promoting general advancement of Banking practice in its branches and facilitating good rapport between bankers on matters of common interest and keeping abreast of the latest developments in the Banking industry.
4. Disseminating banking information to the general public and supporting the Government in the promotion of orderly growth of the banking industry.