Project Topic:

THE EFFECT OF COMPUTER SYSTEM IN NIGERIA BANKS (A CASE STUDY OF FIRST BANK OF NIG. OKPARA AVENUE ENUGU)

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 77 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   1,151 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

CHAPTER ONE

INTRODUCTION

FIRST BANK OF NIGERIA PLC (FBN)

          Banking services in Nigeria dates as far back as 1892, when the African banking co-operation was established. In 1894, the banks were amalgamated by British bank of West African when the latter was established in Nigeria. It is this same British bank of the West Africa (BBWA) that has grows in dimension and dynamission, changing and its organizational name relatively to such sources of change and following government directives. It grows from British bank for Africa to standard bank of Nigeria (SBN) and currently known as the First bank of Nigeria Plc (FBN) Plc.

In fantasy, one is tempted to think that the new name of the bank symbolizes the chronological position it occupies in banking industry in Nigeria. First bank in Nigeria that have introduced the use of computer into its banking systems.

 

 

1.1            BACKGROUND OF THE STUDY

A computer is electronic devices, which store on magnetic layer, diskette, hard disk etc. analyze and produce information as required from the data on them.

Computer operators at an electronic speed and logic. It can perform large repetitive and complex, calculation with utmost accuracy and at astonishing speeds. For centuries, record keeping has been manual, mechanical and develop through the age of machine assisted into the resent day computer age in which we are in.

The computer is our advanced technological innovation, which has evolved as product of our modern society and it is a modern age tool ion management.

Although the computer is a “ child of our modern day society”. Many people approached the subject with apprehension and in certain cases developed absolute fear for this device, the reasons for all these are obvious. The computer came upon the whole world so quickly and it is sure now to affect our various lives in so many different ways. This coupled with the general lack of knowledge of what computer is, given rise to a way of anti-computer feeling.

The application of computer in Nigeria is a very recent phenomenon. Its use in the business sector in Nigeria economy is also very new and has not bee fully integrated into business sector. Bank on the other hand has been the essence of this device in trying to actually carry out its function on the economy, and have now started brining in the computer into various financial services offered to its  customers.

Manual keeping of information and manual processing of data/ accounts of the customers is extremely slow and cannot cope with the increase sophistication of customers demand and volumes of transaction this modern time. It has been said that the horse was replace by motor vehicle not because it is that much more convenient, but because the horse has become inefficient from the economics view point.  For instance, if a manual operator which involves the processing of information on three thousand salaried people, the cost involved in this type of operation in numerous viz, personal cost, retirement, scheduling cost etc.

The enters the computer. The computer would not involve much cost rather it will perform the work more speedily than a manual operation.

Computer system has played some major role in the Nigeria banking sector, but it is still a very recent development and are not making adequate effect in the banking industry because not all banks in Nigeria have actually gone computerized. Those which have gone into computerization, have only certain or far department computerized, which those Nigeria banks which have not gone into computerization are still looking into possibilities of being computerized.

However, the coming of computer as earlier stated has some of this attendant problems, but looking at it very critically, it might be a serious problem to the banks. These are personnel and fiancé cost./ these are five necessary thing which must be available before any banks can go into computerization. Personnel are very necessary for the effect running of any computer.

This is why Charles A. Myres in his book said that computer good or evil computer is being operated by human beings only. As stated by Charles A. Myres.

My computer can read, that is input, my computer can add, that is output. it can as well remember better than, man, that is memory.

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 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  ::   13573 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  ::   6769 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  ::   16784 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  ::   17118 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  ::   10209 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 looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. HUMPHREY from TARABA STATE UNIVERSITY said " I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good qualty. I recommend ProjectClue for any project research work.".
    Rating: Good
  • 2. Asad from Kardan said "useful information, thank you.".
    Rating: Very Good
  • 3. Mwanasinjale Bruno Y. from Catholic University College Of Mbeya (CUCoM) said "Conglatulation to all supporters of the project clue. For what your doing has great impact to the society".
    Rating: Excellent
  • 4. Agaji Gabriel from Federal University of Agriculture Makurdi said "Projectclue is the best for free research topics and material. Kudos to you guy.".
    Rating: Very Good
  • 5. Abiola Adesanya from University Of Lagos Nigeria said "The best portal for undergraduate research projects and free project topics in Nigeria. Kudos to you guys! Project Clue".
    Rating: Very Good
  • 6. Dabung Timothy from University of Jos said "The effect of job stress on employees performance".
    Rating: Excellent