Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

THE CONTRIBUTIONS OF INFORMATION TECHNOLOGY IN THE OPERATIONS OF BANKS IN NIGERIA

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 60 ::   Attributes: Data Analysis ::   2,791 people found this useful

Project Body:

 CHAPTER ONE

1.1       INTRODUCTION: BACKGROUND TO THE STUDY

Information technology has already become the nervous system of banks the world wide. Banks all over the world realized that only those that overhaul the whole of their payment and services delivery systems and operations are likely to survive and prosper in this global world of technology. This is due to the pressure of globalization, consideration, deregulation and rapidly changing technology. In order to properly place themselves in favourably  positions to be reckoned with in the new country, banks are making use of information technology (IT).

 

They realized that the banking industry requires more of electronic manipulation and shuffling of bits based money and other banking transaction instead of paper. In order words, paper-based transactions. Whether a bank would be successful or not, depends on the total to which it is investing in IT and using IT in an innovative manner. The reason for this is the  fact that in the  future, banking transactions would be conducted in a cyber space.

 

1.2       STATEMENT OF THE PROBLEM

Generally, the banking industry in Nigeria has witnessed an unprecedented growth in the past decade. Banks have expanded their branch networks at a very rapid rate and there are now far more employees, larger customers and staff databases, more robust computer system and generally high level of automation and computerization. In view of the expansions, the followings are enumerate by the  researcher as the problems associated to the banks: -

a.                   Lack of integrated computer data base in the Nigerian banks.

b.                  Failure of banks to share ideas about new break though in IT world, they rather use it as a competitive advantage.    

c.                   Incessant downtimes experienced by most banks

d.                  Too much reliance on external consultants for the maintenance of the systems and operations

 

1.3       OBJECTIVE OF THE STUDY

This work is aimed at analyzing THE CONTRIBUTIONS OF INFORMATION TECHNOLOGY IN THE OPERATIONS OF BANKS IN NIGERIA to compete favorably with the counterparts  across the world.

The research would serves as frontier of knowledge to the bank staff, customers, investors and management about future of banks in relations to the new information techniques which facilitates the applications of banks products and services.

 

1.4       THE SCOPE OF THE STUDY

This research work focuses on the problems and prospects of IT in the banking sub-sector of the economy. With particular reference to First Bank of Nigeria Plc.

 

1.5       SIGNIFICANCE OF THE STUDY

The banking industry as an industry that touches the life of everybody, if not as an employee, then as one that benefits from its services. On the other hands, IT refers to the new technology of gathering, storing, manipulating and transferring information.

This study will be of use to the followings: -

It shall enable banks management to know the variants of IT available that would increase the efficiency of online real time banking operations.

Similarly, the research shall be of importance to bank staff, is it will add to their knowledge and experience about the prospect of applying new IT for to increase their productivity.

It shall also be of importance to the existing and prospective shareholders by enabling them to know how  well the bank is doing before investing their wealth in it.

Lastly, the research shall provide frontier for further research on the re-engineering of the industry with the and of IT.

 

 

1.6       STATEMENT OF HYPOTHESIS

 

Hypothesis I  

H1: Application of IT is responsible for increase in productivity of FBN Plc.          

Ho: Application of IT is not responsible for increase in productivity of FBN Plc     

Hypothesis II 

H1: Application of IT affects the profitability of the Bank

Ho: Application of IT does not affects the profitability of the Bank

Hypothesis III                                

H1: Information Technology application improve customers satisfaction of the Bank.

Ho: Information Technology application does not improve customers satisfaction of the Bank.

1.7       PLAN OF THE STUDY

            This project work is  divided into  five chapters.

Chapter one deals with  background to the study, statement of the problems, objective of the  study, significance  of the study, scope of the study and definition of terms.

Chapter two is dedicated to literature review. It covers the legislations of banks, origin of bank in Nigeria, problem of IT in Nigerian bank and prospects of IT in the future of  banks in Nigeria. 

 

Chapter three deals with the research methodology, it discusses sources of data, method of data collections research methods, techniques of  data analysis and justification of the method use.

 

Chapter four looks into the history of first bank of Nigeria Plc. the chapter further presents, analyses and interprets data collected for the study.

 

Chapter five covers summary, conclusion, recommendation, limitation of the study and areas for further study. 

 

1.8       DEFINITIONS OF TERMS

-           Information technology: Is the study or use of electronic process for storing  information and making  it available.

-           Information: it consists of data that have been retrieved, processed, interpreted  and understood by the end user.

-           Internet: Is a computer system that allows millions of computer users around the world to exchange information.      

-           Automated teller machines (ATM: These are electronic terminals that allow banking almost anytime, to withdraw cash, make deposits or transfer cash/funds between accounts, of payment of utility bill and purchase of recharge  cards.

-           Smart of Cards: small sized pieces of plastic devices (measuring 85.6m x 53.98 x 0.76mm) with embedded integrated circuit and used as payment instruments for numerous financial schemes.   

-           E-Banking: Refers to trading electronically over electronic network through the network.

-           Networking: A communication between individual computer systems which otherwise maintain a degree of autonomy.

-           Online banking: This allows the access of the bank’s web, it gives room for transfers from one account to  another and access the states of customers accounts from their door step


Get The Complete Project »

Project Department:

MORE BANKING AND FINANCE FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED BANKING AND FINANCE FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis  ::   6711 engagements

ABSTRACT This project work is carried out to examine the contribution of micro finance banks to the development of Small and medium scale enterprises in Nigeria. The Brass micro finance bank is used a...Continue reading »

A STUDY ON THE ACCEPTANCE AND ADOPTION OF THE CBN CASHLES POLICY IN PORT HARCOURT, NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   5118 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY One of the prerequisites for the development of national economy according to Ajayi et al, 2006 is by encouraging a payment system that is secu...Continue reading »

A STUDY ON THE IMPACT OF BUDGETARY CONTROLS ON THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIDELITY BANK PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   5474 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY AND PROFILE OF THE ORGANIZATION Following the uncertainties prevailing in the Nigerian business environment today, managers and stakeholders mu...Continue reading »

ANALYZING PERFORMANCE APPRAISAL TECHNIQUES IN UNION BANK NIG PLC

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   14523 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY In any evaluation of the condition necessary for the growth and survival of an organization, the role of performance appraisal is a strategic f...Continue reading »

AUDIT INDEPENDENCE: ENHANCING ACCOUNTABILITY AND TRANSPARENCY IN CORPORATE ORGANIZATIONS

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   4654 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study The subject of transparency and accountability in modern day corporate organizations has continued to receive attention as never before. It has b...Continue reading »

CREDIT MANAGEMENT AND ISSUES OF BAD DEBTS IN COMMERCIAL BANKS IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract

The article on this topic (credit management and issues of bad debts in commercial banks in Nigeria) is an extract from literature review of the project material. The complete project work would be ma...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Jayone from FPA said " I had a wonderful experience using UniProjectMaterials,though they did not deliver the material on time, but the content had good quality. I recommend UniProjectMaterials for any project research work.".
    Rating: Very Good
  • 2. Mugisha R from B.U, UGANDA said "Wow, this is great, your materials has helped me alot. Many blessings. I will inform my friends. Thanks. ".
    Rating: Very Good
  • 3. Nwachukwu Ruth Chinyerr from Michael okpara university of Agriculture,umudike said "I really appreciate this. Materials like this are good guides to writing a researchable project.".
    Rating: Good
  • 4. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 5. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 6. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good

Paper Information

Format:ms word
Chapter:1-5
Pages:60
Attribute: Data Analysis
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives