The Nigerian Banking Industry is expressing a revolution as a result of innovations in technology that has become a common feature of the banking sector amongst other contemporary business environment. The arrival of the Internet and the advancement of mobile telecommunication companies in Nigeria present both an opportunity and a challenge to banks in Nigeria. The test for the banking sector has been how to profitably formulate a new service delivery means in such a way that its clients will curiously learn to use and trust. The purpose of this work is to identify the effect of bank creativity on the financial performance of commercial banks in terms of their income or revenue generation, liquidity, efficiency, profitability and the general patronage of banking services in Nigeria. Questionnaires were administered to find out the opinions of bank executives on the effect of bank innovations on financial performance. It was discovered that most of the innovations have positive effect on the income generating potentials of the banks, they also improves efficiency, liquidity and profitability of the banks. It is recommended that corporate banks must make it a policy to establish an efficient and effective marketing department to oversee the publicity of all bank innovative products. Government through the Central Bank of Nigeria (CBN) must continue researching into innovations in the financial sector Bank.