Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

THE ROLE OF ELECTRONIC BANKING IN DEVELOPMENT OF BANKING INDUSTRIES IN NIGERIA

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 95 ::   Attributes: Data Analysis, abstract, table of content ::   2,514 people found this useful

Project Body:

ABSTRACT

 

The primary aim of this project tilted role of electronic banking in the development of banking industries in Nigeria  which is being taking with all seriousness as it presents a mechanism of extending banking services of wilder segment of the people at a lower cost. More importantly, it encourages innovations and competition by making available different types of sophisticated products and equipment that are geared towards providing maximum satisfaction for the bank that cannot meet up with the innovation environment will leave their customer to more innovation and customer oriented banks. Furthermore, E-banking articulated transaction by allowing customers to execute financial transaction on the bank website by using “transaction website” and it also enable organization to reach consumer outside their immediate area at minimum pretreated into foreign market.  

 

TABLE Of CONTENTS

 

CHAPTER ONE

 

INTRODUCTION

 

1.1    Background of the study                                                                                    

1.2    Statement of the Problem                                                                                   

1.3    Objectives of the study                                                                           

1.4    Research Questions                                                                                             

1.5    Hypothesis                                                                                                          

1.6    Delimitation / Scope of the study                                                                       

1.7    Significant of the study                                                                          

1.8    Definitions of the Term                                                                                      

 

CHAPTER TWO

 

REVIEW OF RELATED LITERATURE

 

2.1 Definition of Electronic Banking                                                                        

 

2.2 Functions of Electronic Banking                                                             

 

2.3 The facts of E-Banking in Nigeria the Automated Teller Machine and

 

   Cards system                                                                                                           

 

2.4 History of Electronic Banking in Nigeria                                                

 

2.5 Act of Electronic Banking in Nigeria                                                      

 

2.6 An empirical Framework with respect to the role of Electronic Banki8ng in the Development                                                                                     

 

2.7 Policy and Issues Raised by the development of electronic Banking

 

2.8 History of Guaranty Trust Bank Plc                                                        

 

2.9 Summary                                                                                                              

 

References

 

CHAPTER THREE

 

RESEARCH DESIGN AND METHODS

 

3.1 Research Design                                                                                      

 

3.2 Area of study                                                                                                       

 

3.3 Population of study                                                                                             

 

3.4 Sampling Method                                                                                    

 

3.5 Research Instrumentation                                                                                    

 

3.6 Validity and reliability of research instrumentation                                

 

3.7 Sources of Data                                                                                       

 

3.8 Method of Investigation                                                                          

 

CHAPTER FOUR

 

PRESENTATION AND ANALYSIS OF DATA

 

4.1 Data presentation and Analysis of Results                                  

 

4.2 Test of Hypothesis                                                                                   

 

4.3 Interpretation of Results                                                              

 

CHAPTER FIVE

 

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

 

5.1 Summary of Findings                                                                  

 

5.2 Conclusion                                                                                               

 

5.3 Recommendations                                                                                   

 

5.4       Implications of the Findings                                                  

 

5.5       Suggestion for Further Studies                                                          

 

5.6       Limitation of the Study                                                                     

 

Bibliography

 

Appendix 1

 

Appendix 11 (Questionnaire)           

 

 

 

CHAPTER ONE

 

INTRODUCTION

 

1.1 BACKGROUND OF THE STUDY

 

            The advent of financial innovation such as smart card, credit card, electronic transfers in the payment system and recently the lunching of internet banking have transformed the world into a global village linked with electronic impulses. The concept of electronic money in Nigeria was introduced in 1990 when the Central Bank of Nigeria (CBN) gave approval to them. All state Trust Bank limited to offer a financial product known as smart card. Subsequently, Diamond Bank play card. However, the smart card scheme received uplift in February, 1998 when a consortium of a licensed bank surfaces a smart card company in Nigeria which is known as Smart card Nigeria plc with a mandate to producers and manages cards issued by the member bank of the consortium. Another consortium of more than 20 bank under the patronage of Gen card became operational in year 2000. 

 

              These innovations, which are still at a relatively early state of development have postnatal to challenge the predominate role of cash for making small value payments and make retail transactions easier and cheaper for consumers and merchants who are account holders.

 

            However, they also raised a number of policy issues because of the possible implication for Central Bank monetary policy consumer system etc.

 

            In responses to implication technology development in the domestic financial sector, the Central Bank of Nigeria commissioned and information technology strategy study in 1991 with the objective of promoting efficient performance of its statutory duties. The product is being implemented in phase and both the licensed banks and the regulatory authority here demonstrated their appreciation of benefit derivable form the application and use of the information technology.

 

            In view of foregoing, the Central Bank Governors of the group of ten (G-10) country commission a series of studies on specific issues related to electronic banking in Nigeria. Therefore, the objectives of the research are to ascertain the role of electronic banking in Nigeria by using Guaranty Trust Bank (GTB) Plc, Ogui Road, Enugu as the case study.

 

1.2       STATEMENT OF PROBLEM

 

            The problems facing electronic banking in Nigeria are lack of adequate information and communication technological awareness campaign about electronic banking. In Nigeria, communication over the internet are insecure and often congested, the financial institution would also have to contend with other internet challenges including security, quality of service and some abbreviations in electronic  fiancé (Guardian newspaper 2001). Besides the existing business environment also poses some challenges to the smooth operations of electronic banking in Nigeria, some of these operational challenges include epileptic power supply, dominance to cash transaction in the economy, low level of awareness among Nigeria etc (Agbada, 2008). The thrust of this research work shall be to examine the trend of electronic banking in Nigeria and critically examination of the challenge.

 

            Conclusively, on my own opinion, below are the problems which electronic banking in Nigeria is facing.

 

a.       There was no adequate public education on how to use E-banking product in Nigeria before the banks stated rolling them out.

b.      Poor service from the providers.

c.       A lot of people are averse to using E- products, they prefer cash transaction and your cant blame them because of No. 2 above. If your money gets stocked on the ATM you are on your own.

d.       Many of the banks can’t do what they are claiming to offer it terms of E-  banking.

 

1.3 OBJECTIVE OF THE STUDY

 

            The major objective of study is to appraise the role of electronic banking (E-banking) in Nigeria, the development of banking industries in Nigeria. The following are the specific objectives of the study.

 

1.      To determine how inadequate information and communication technology   (ICT) awareness distorts the development of electronic banking in Nigeria.

2.      To appraise how inactive regulatory bodies prevent the development of needed logistics technical supports.

3.      To ascertain the extent to which lack of sufficient skilled manpower distorts the development of electronic banking in Nigeria.

4.      To find out how inadequate funding by government and its agencies affects the development of electronic banking in Nigeria.

 

1.4      RESEARCH QUESTIONS

 

            The following research questions have been formulated in the course of this study.

 

1.      To what extent does inadequate information and communication technology awareness distort the development of electronic banking in Nigeria?

2.      How do inactive regulatory bodies prevent the provision of needed logistics and technical support?

3.      To what extent does lack of sufficient skilled manpower distorts the development of electronic banking in Nigeria?

 

4.   How does inadequate funding by government and agencies affect the development of electronic banking in Nigeria?

 

1.5    HYPOTHESIS

 

            In order to carryout this study properly and successfully, the following hypothesis would be empirically tested:

 

Ho:      Inadequate information and communication technology distort the development of electronic banking in Nigeria.

 

Hi:       Inadequate information and communication technology does not distort the development of electronic banking in Nigeria

 

Ho:      Inactive regulatory bodies prevent the provision of needed logistics.

 

Hi:       Inactive regulatory bodies do not prevent the provision of needed logistics.

 

Ho:      Lack of sufficient skilled manpower distort electronic banking development in Nigeria.   

 

Hi:       Lack of sufficient skilled manpower does not  distort electronic banking development in Nigeria.   

 

1.7       SIGNIFICANCE OF THE STUDY

 

This study is significant because it would help to enlighten operators in the banking sector and other concerned individuals and organization on the adoption of electronic banking. The research shall basically identify the challenge facing electronic banking in Nigeria business environment and suggest ways by which they could be tackled.

 

1.8    DEFINITION OF TERMS

1.      Teller: This is sheet but an important sheet of paper being used in banking environment to paying money and withdraws in case of a bank that uses it for withdrawals too.

2.      Loan: Loan is a form of money borrowed from the banks to aid capital and cash level in an organization or firm. They can be long term or short term to aid capital expenditures respect.

3.      Guarantors: This is a person that stands in for one in case of opening an accounts opting for loads and many other services rendered by banks. Guarantor tends to carry the risk of paying back defaultment incase of any default.

4.      Electronic banking:

This is the main study of the project, Banking services tends to be getting more interesting and electronic Banking is a step taking to render services electronically to aid faster services to customers.

5.      Automated Teller Machines (ATM): This is a physical assets being used by banks, built and erected concretely to give out cash, aid recharges (Phones), aid transfers, e.t.c. and it is utmost trend in the banking industry.


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:95
Attribute:Data Analysis, abstract, table of content
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives