CHAPTER ONE
1.0INTRODUCTION
1.1BACKGROUND OF THE STUDY
Ade Wum, (2006) the advent of structural adjustment programme in 1989 has not only increased competition in the banking industry, but also brought the application of computer in banking services the competition brought about by the structural Adjustment, programme (SAP) has enhanced the introduction of computers in banking industry. But computerization per say has solved some problem in the industry. Some innovation banks have gone into computer network in order to reduce if not eliminating some of these problems. Banks wants to achieve the improvement of their services rendered to customers.
As at 2007, first Bank of Nigeria Plc Ovoko Nsukka monthly Business and economic report (august 2008) opined that the banking industry has witnessed a rapid transaction due to services delivery with the trend of competition. However, some people have argued that the service cannot be significantly improved despite the increase in number, but within that same of people some still believe that banks need to radically improve their mode of operations. This means that bank should rely less on human labour to perform the routine jobs that tend to consume workers time. This still leads to some of the problems encountered by the majority of the customers in the baking services delivery. The inefficiencies of various degree, such as unbelievable eremitical errors in cash paid and received over the counter and wrong posting to statements of accents. Inadequate and untamed information for loan management etc. can effect bank.
Furthermore, customers will like to operation their account from anther branch different from where they maintain their account. Banking industry problem can be removed with the aid of higher degree of computerization which is computer net working. Not having computers in one branch and forgetting about the other braches. Banks should have computers that will amble them to carryout their operation effectively. The computers have to be linked how this can be done will be discussed in this project writing or work. Basically, computerization of branches has to be achieved before this networking is possible.
1.2STATEMENT OF THE PROBLEM
This research work is concerned with the relevance of computer networking in the Nigeria banking industry using first banking of Nigeria plc Ovoko Nsukka 2005-2012 as a case study. This relevance of computer networking in banking industry is process that must be tackled with every amount of vague by banks in order to minimize undue delay in banking operations.
NOT THE TOPIC YOU ARE LOOKING FOR?
Once payment is made, kindly send us your project topic, email address and payment name to +234 810 144 4147
Once payment is confirmed, Project materials will be sent to your email
Due to the lock-down, the number of PoS transactions fell by more than 20% to 40.85 million in April, from 52.2 million at the end of March. According to a study published by the Nigeria Interbank Settlement System, the trend is reversing, with POS r...
Without a doubt, the global financial community is embracing the latest technological transformation from real currency to almost abstract currencies. Cryptocurrencies were born as a result of this surge.
Without a doubt, the global financial community is embracing the latest technological transformation from real currency to almost abstract currencies. Cryptocurrencies were born as a result of this surge.
The accessibility of POS aided individuals in performing cashless transactions and other financial activities. However, Nigeria's enforced lockdown restricted the activities of POS businesses, resulting in a shortage of withdrawal points and other ba...
In Nigeria, running a POS business is a legal way to earn money. It's more lucrative in areas where there are no deposits and ATMs aren't enough to meet the community's financial needs. It's also known as agent banking because it's an expansion to fi...
In comparison, Boko Haram, one of the continent's most dangerous terrorist groups, killed 78 civilians during the same time period. Fulani attacks on farmers are primarily practical rather than ideological; competition for suitable grazing land over ...
The widespread dissemination of the COVID-19 virus has thrown the world's nations, including Nigeria, into a health crisis. The implementation of lockdown measures was deemed the best solution for countering the virus's dissemination.
This study on the impact of Covid-19 on Banking sectors will in doubt be of great significance to the entire banking sectors as the study was carried out the unveil the trauma banks suffered as a result of this unforeseen outbreak of Covid-19.
The idea of this research work is to assess the factors affecting the adoption of pos terminals by business organizations.
This study will be relevant to the general public especially those with entrepreneurship potential. It will give potential entrepreneurs first hand information on the challenges they are likely to face in their quest of establishing a POS business an...
Message Us on WhatsApp »
