ELECTRONIC BANKING IN NIGERIA (PROBLEMS AND PROSPECTS);

  • Chapters:3
  • Pages:28
  • Methodology:nil
  • Reference:YES
  • Format:Microsoft Word
(Banking and Finance)
ELECTRONIC BANKING IN NIGERIA (PROBLEMS AND PROSPECTS)
ABSTRACT

            This research work is an attempt to analyse and find out the “PROBLEM AND PROSPECTS OF ELETRONIC BANKING IN NIGERIA”.
            The research geared toward explaining what Electronic Banking is all about and when it was introduce into Nigeria.  The research also explained the services and the features of electronic Banking in Nigeria.  Though some of the information is between the bankers and their customers, the researcher was able to b ing some of them out finally, the information contained in this project writing will educate some ignorant people, concerning how they can transact business with their bankers or their customers through electronic device.
TABLE OF CONTENT
CHAPTER ONE
1.0       INTRODUCTION
1.1              Back ground of the study
1.2              Statement of the problem
1.3              The objective of the study
1.4              Scope of study
1.5              Limitation of the study
1.6              Definition of terms
CHAPTER TWO
2.0              Literature review
2.1       review of related studies
2.2              Meaning of electronic banking
2.3              Features and services of electronic banking
2.4              Electronic payment system
2.5              Problems of electronic banking
2.6              Research design
A         Source of data
B         Method location of data
C         Method of data collection
D         Tools of analysis
CHAPTER THREE
3.1              Summary of findings
A         Monetary banking
B         Cross – border issues
C         Security of an electronic money scheme
D         Frauds
E          The payment system
3.2              Conclusion and recommendation
3.3              Bibliography
CHAPTER ONE
 1.0              INTRODUCTION
1.1       BACKGROUND OF THE STUDY
            Financial institutions have been early adopters of smart card and credit cards technology, in the system and more recently, the launching of internet banking have transformed with world into a global village linked with electronic impulses.  The idea or when the Apex Bank of Nigeria (Central Bank of Nigeria) gave the approval to Allstates.  Trust Bank Limited to issue a financial product known as the ESCA an electronic purse to the public.
            Later on, Diamond Bank Limited, introduced a parallel product know as Diamond pay card.  In February 998 the smart card received a boost, when 19 licensed banks floated a smart card company.
1.2              STATEMETN OF THE PROBLEM
These introduction of electronic money which are still at a relatively early stage of development have the potential of challenge the predominant role of cash for making small value payments and makes retail transaction easier and cheaper for consumers and merchants (Hotels: Airlines, supermarkets, etc, who are current account holders).  In the view of these, the Central Bank Governors of the group of ten (G-10) countries commissioned a series of studies on specific issue related to electronic money.  To
(i)                 Highlight the main design features and functional aspects of electronic money products.
(ii)               Analyses the technical risks specific to these products and
(iii)             Examine possible security measures that can be relied upon to prevent, detect and contain fraud.
1.3              THE OBJECTIVE OF THE STUDY
In respond to information technology developments in domestic financial sector, the Central Bank of Nigeria commissioned an information technology strategy study with the objective of promoting the efficient performance of its statutory duties.  The project is being implemented in phases and both the licensed banks and the regulatory authorities have demonstrated their appreciation of the benefits derivable from use of information technology.
The main focus of this project will be on the fundamental policy issues, which the introduction of electronic money scheme throws up, adequate attention will also be devoted to prospects or control mechanism that has put in place to ensure effective management of electronic product vis-à-vis likely impact on the economy as a whole.
1.4              SCOPE OF STUDY
The scope of this project work is restricted to only the banks and their customer in Nigeria and between a company or fir operating on electronic banking and their customers.
1.5              LIMITATION OF THE STUDY
Despite the research is carried out there are some limitation the researcher encounter such as:
(i)         INADEQUATE TIME:
There is a limited for the researcher to work his project considering the short semester of the school.
(ii)        INADEQUATE RESPOND
Some bank does not disclose how they operate on electronic banking because it is a secret between them and their customer.
(iii)       FINANCE
The researcher has limited money to carry out the research more effectively.
(iv)       INADEQUATE MATERIAL
Because the project is a new development the material for the project is limited.
1.6              DEFINITION OF TERMS
(i)                 What is pin?  Personal identification number it is a device used to gain access to ones personal account.
(ii)               What are features of electronic banking?  These are what differentiate electronic banking and the former banking transaction.
(iii)             What is prospect of electronic banking?  This is the feature success or out come or the position of electronic banking.


Share This

Project Details

Department Banking and Finance
Project ID BFN0200
Price ₦3,000 ($14)
Chapters 3 Chapters
No of Pages 28 Pages
Methodology nil
Reference YES
Format Microsoft Word

500
Leave a comment...

    Project Details

    Department Banking and Finance
    Project ID BFN0200
    Price ₦3,000 ($14)
    Chapters 3 Chapters
    No of Pages 28 Pages
    Methodology nil
    Reference YES
    Format Microsoft Word

    Related Project Topics

    ELECTRONIC BANKING IN NIGERIA (PROBLEMS AND PROSPECTS); ELECTRONIC BANKING IN NIGERIA (PROBLEMS AND PROSPECTS) ABSTRACT This research work is an attempt to analyse and find out the “PROBLEM AND PROSPECTS OF ELETRONIC BANKING IN NIGERIA”. The research geared toward explaining what Electronic Banking is all about and when it was introduce into... More
    ELECTRONIC BANKING IN NIGERIA: PROBLEM AND PROSPECTS ELECTRONIC BANKING IN NIGERIA: PROBLEM AND PROSPECTS ABSTRACT This research work is an attempt to analyse and find out the PROBLEMS AND PROSPECTS OF ELECTRONIC BANKING IN NIGERIA.The researcher general towards explaining what electronic Banking is all about and when it was introduce into Nigeria.... More
    IMPACT OF ELECTRONIC BANKING AND ITS ROLE IN THE DEVELOPMENT OF THE NIGERIA BANKING SYSTEM IMPACT OF ELECTRONIC BANKING AND ITS ROLE IN THE DEVELOPMENT OF THE NIGERIA BANKING SYSTEM ABSTRACT This study reviewed the concept of electronic banking (e¬-banking), examined its prospects for Nigerian banks and discussed associated risks. The study also went further to state the guidelines for... More
    THE ROLE OF ELECTRONIC BANKING IN DEVELOPMENT OF BANKING INDUSTRIES IN NIGERIA. THE ROLE OF ELECTRONIC BANKING IN DEVELOPMENT OF BANKING INDUSTRIES IN NIGERIA. (A CASE STUDY OF GUARANTY TRUST BANK PLC OGUI ROAD, ENUGU) 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... More
    COMMUNITY BANKING PROBLEMS AND PROSPECTS COMMUNITY BANKING PROBLEMS AND PROSPECTS ABSTRACT This research work dwelt on the assessment of the problem and prospects of community banks. This research work is divided into three chapters as summarized below. CHAPTER ONE: This focuses on the introduction part which is the back ground of the... More
    DEBT RECOVERY TECHNIQUES IN THE BANKING SECTORS ISSUES, PROBLEMS AND PROSPECTS DEBIT RECOVERY TECHNIQUES IN THE BANKING SECTORS ISSUES, PROBLEMS AND PROSPECTS (A CASE STUDY OF UNION BANK NIG PLC) ABSTRACT When some banks in the system are distressed, it is in the best interest of the non distressed one that an effective resolution of the distressed it carried out . This is... More
    HUMAN CAPITAL DEVELOPMENT IN THE NIGERIAN BANKING INDUSTRY (PROSPECTS AND PROBLEMS) HUMAN CAPITAL DEVELOPMENT IN THE NIGERIAN BANKING INDUSTRY (PROSPECTS AND PROBLEMS) ABSTRACT Human capital is agreed by all and sundry to be the most valuable asset among the assets in the banking sector as all other assets cannot function appropriately without their systematic combination by the... More
    HUMAN CAPITAL DEVELOPMENT IN THE NIGERIAN BANKING INDUSTRY (PROSPECTS AND PROBLEMS) HUMAN CAPITAL DEVELOPMENT IN THE NIGERIAN BANKING INDUSTRY (PROSPECTS AND PROBLEMS) ABSTRACT Human capital is agreed by all and sundry to be the most valuable asset among the assets in the banking sector as all other assets cannot function appropriately without their systematic combination by the... More
    THE ROLE OF INSURANCE COMPANY IN NIGERIA AS NON-BANKING FINANCIAL INSTITUTION: PROBLEMS AND PROSPECTS: A CASE STUDY OF LIMITED NIGERIA INSURANCE COMPANY (UNIC) THE ROLE OF INSURANCE COMPANY IN NIGERIA AS NON-BANKING FINANCIAL INSTITUTION: PROBLEMS AND PROSPECTS: A CASE STUDY OF LIMITED NIGERIA INSURANCE COMPANY (UNIC) ABSTRACT This study attempt to provide a general information and knowledge about the impact of insurance companies in the business world. A... More
    APPRAISAL OF THE ECONOMIC IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS APPRAISAL OF THE ECONOMIC IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF DIAMOND BANK) CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Before the emergence of modern banking system, banking operation was manually done which lead to a slow down in settlement of transactions. This manual... More