ProjectClue.com WhatsApp or Call Us

projectclue whatsapp icon07030248044

Project Topic:

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

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 70 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   1,863 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

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 »


Instant Share On Social Media:


Can't find what you are looking for?
Call (+234) 07030248044.

OTHER SIMILAR BANKING FINANCE PROJECTS AND MATERIALS

A CRITICAL ANALYSIS OF CAUSES AND PROBLEM OF FINANCIAL DISTRESS IN NIGERIA BANKING SECTOR (A CASE STUDY OF AFEX BANK PLC.)

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

CHAPTER ONE INTRODUCTION The importance of capital as a necessity though not sufficient condition for economic growth is recognized in development economy where it is believed that the position of ...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE. (A CASE STUDY UNION BANK OF NIGERIA PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   5636 engagements

CHAPTER ONE INTRUDUCTION BACKGROUND OF STUDY A farmer, who plants corps, expects result, similarly to student who sits for examination expects results. The same 5 also true of an investor. For the ...Continue reading »

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  ::   18731 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 CRITICAL APPRAISAL OF CURRENT ASSETS MANAGEMENT IN PUBLIC LIMITED LIABILITY COMPANIES

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3640 engagements

ABSTRACT This project examined the management of current assets in public Limited Liability Company. It is obvious that no company can perform well without good current asset management. This cares f...Continue reading »

A CRITICAL APPRAISAL OF CURRENT ASSETS MANAGEMENT IN PUBLIC LIMITED LIABILITY COMPANIES

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 55 ::   Attributes: Questionnaire, Data Analysis, Abstract

CHAPTER ONE 1.0 INTRUDUCTION: Current assets as one of the management tolls of business organization are very important in the proper function of business and achievement of organizational goal. Cur...Continue reading »

A CRITICAL ASSESSMENT OF THE SURVIVAL STRATEGIES OF DEPOSIT MONEY BANKS IN A DEPRESSED ECONOMY

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   1808 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigerian economy is faced with national and global economic challenges and as such, the financial institutions, especially the banking sector ha...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Abubakar Sani from Nigerian Investment Promotion Commission said "I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good quality. I recommend ProjectClue for any project research work.".
    Rating: Excellent
  • 2. Ogunniran Olawale from Ekiti state university said "Projectclue is really safe and reliable Quick access to project works Nice customer service Fast delivery of request Recommend this toy fellow students ".
    Rating: Excellent
  • 3. Fahat Nasir from isa kaita college of education dutsinma said "Fish farming a solution unemployment ".
    Rating: Very Good
  • 4. Ajimbi Oluwarotimi from Theology school osun said "Good ".
    Rating: Very Good
  • 5. Clement Abdullahi Ogiji from National Open University of Nigeria said "I am a living witness and have recommended project clue to a lot of students, so far none have been disappointed, very reliable and, trustworthy and dependable".
    Rating: Excellent
  • 6. Jhuee from Sultan national high school said "Good quality. I recommend project clue for any project research work.".
    Rating: Excellent