Select Currency
Translate this page


Format: MS WORD  |  Chapter: 1-5  |  Pages: 65  |  430 Users found this project useful  |  Price NGN3,000





The business environment is always changing and therefore requires a dynamic strategized adaptation to these changes by businesses that wish to survive. These changes could be social, economic, legal, technological, etc (Acha, 2016: 109; Akpan, 2015: 23). In recent time, quantum improvements and innovations have been recorded in information and communications technology which has had tremendous impact on the way businesses are conducted. information and communication technology has, among other things, changed the nature of businesses, reshaped their competitive environment, reframed market structures, enlarged the size of markets and opened new vistas of risks hitherto unknown to these businesses.

As usual, the banking system has been in the forefront in adopting and incorporating these advances in information and communication technology into its operations. This could be attributed to some perceived advantages which information and communication technology offers users such as increased transaction efficiency, convenience and cost reduction (Ayandele and Adeoye, 2016: 2). Banks in Nigeria had recognised the potentials of information and communication technology since early 1980s when some of them began adopting electronic banking. Since these early days, electronic banking products have, though slowly but steadily, been on the increase in the system. Banks in Nigeria now offer automated teller machine (ATM) services, internet banking services, telephone banking services, on-line banking services, intranet banking services, credit card services, etc.

The obvious tendency of the Nigerian banking is to become more and more electronically driven, making the understanding of this concept and its practice imperative. In the light of the above, the objective of this study is to, among other things, examine the concept of electronic banking with a view to helping both professionals and non-professionals understand them. This project will also discover the challenges of electronic banking in Nigeria in order to help practitioners and regulators navigate our banks away from them. Finally, this study assesses the future problems and prospects of electronic banking in Nigeria.

To do this, the project is divided into five sections starting with this introductory note. The second section addresses the concept of electronic banking and reviews global experience in its practice. In the third section, the hiccups in the use of electronic devices in financial transactions are examined. This examination will consider the implications of electronic banking for the banks and the regulatory/supervisory authorities. The fourth section problems and prospects into the future to discover the way forward for electronic banking in Nigeria. Finally, recommendations are made and conclusion drawn in the fifth section.


In Nigeria, customers of banks today are no longer enjoying safety of their funds and increase returns on their investments. Customers demand efficient, fast and convenient services. Customers want a Bank that will offer them services that will meet their particular needs (personalized Banking) and support their Business goals for instance; businessmen want to travel without carrying cash for security reasons. They want to be able to check their balance online, find out if a cheque is cleared, transfer funds among accounts and even want to download transaction records into their own computer at work or home. Customers want a preferential treatment and full attention by their choice Bank. All these are only achievable through electronic Banking. In line with rendering qualities and acceptable services that most Banks in Nigeria are gearing toward and investing large sum of money in information and communication Technology, expectedly such Banks services have been improved. United Bank for Africa (First bank of Nigeria Plc), Zenith Bank, GT Bank (to mention few) are in the forefront in the use of IT in rendering services to their Customers (The Guardian Newspaper April 18, 2008p 21). It also seeks the challenges involved in Electronic Banking and Best industrial practice and the approach of implementing them in Nigeria Banking system.


The problem that leads to the study of this research work arises from issues relating to the effective use of internet among Nigerian Banks with specific focus on First Bank of Nigeria Plc. Despite the rapid adoption of the use of internet by many business organization and government parastatals, the banking sector still need a critical examination of how the use of internet and information technology can by employed to boost their operations. This study will look into the operation of Nigeria Banks in this era of internet technology, it will determine problems encountered and suggest possible solutions.


There are many people that will benefit from research work. Both the investor and the stakeholders, However, the level of education will not only improve the use of internet among Nigerian Banks but also suggest solutions to the problem encountered by the banks in the computer age. This research work will be of advantage to anybody that which to know more about the problems encountered by banks in the use of Internet technologies.


The main objective of this research work is to examine the impact of electronic Banking in Nigeria banking system. Specifically the study objectives are;

I.  To evaluate the problems and prospects of electronic Banking in First bank of Nigeria Plc

II. To evaluate the impact of electronic Banking in First bank of Nigeria Plc

III.To examine whether electronic banking has improve the fortune of the Bank.

IV. To examine the effect of electronic banking has it improve the fortune of the bank.

V.  To examine whether the Bank electronic Banking guideline comply with the CBN electronic Banking guideline policy.


This project aims to provide answers to the following research questions;

1.  What is the impact of electronic on the traditional system in Nigeria

2. What additional value(s) will electronic banking bring to the banking system in Nigeria?

3. How will the electronic banking enhance confidence and reliability of customers on the banking system?

4. To what extent doe internet have effect on the performance of Nigeria Banks?

5. What are the efforts of Bank regulatory bodies on the use of internet among Nigeria banks?


The following hypotheses are formulated in null form to guild the study.

1.  Ho: Adoption of Electronic banking does not enhance the fortune of First bank of Nigeria Plc

Hμ: Adoption of Electronic banking enhances the fortune of First bank of Nigeria Plc


The study would enable the banks executives and indeed the policy makers of the banks and financial institutions to be aware of electronic banking as a product of electronic commerce with a view to making strategic decisions. The research is equally significant because it would provide answers to factors militating against the implementation of electronic banking in First bank of Nigeria Plc; prove the success and growth associated with implementation of electronic banking highlight the areas of banking operations that can be enhanced via electronic banking and also be an invaluable tool for Staff, Academician, institutions, Corporate managers and individuals that want to know more about electronic banking trends especially in Nigeria.


In pursuance of the objective of the study; attention shall be focused on electronic banking among other electronic commerce implementation. In order to conduct an empirical investigation into the adoption of Electronic banking in Nigeria and will also examine the nature of electronic banking operations in First bank of Nigeria Plc from 2007 to 2009.


In view of the technicalities involved, it would be unrealistic to assume that all necessary facts have been gathered in the process of the study. Information gathered is limited to those accesses and made available by the respondents and also those gathered from end users. However, the impacts of this limitation will be reduced to the barest minimum.


Access Products – Products that allow consumers to access traditional payment instrument electronically, generally from remote locations.

ATM Card - UB Debit Card is a Chip device consisting of circuit element on single silicon chip. The Card a complex circuits that process microprocessors with a single chips that contain the complete arithmetic and logic unit of computers. It provided for Unity Bank customers to perform balance inquiry, mini statement and cash withdrawal as well as transfers through the use of Automated Teller Machines. This green card can also be used for Internet/Online and POS transactions.


Not What You Are Looking For?

For Quick Help Chat with Us Now!

+234 813 292 6373

+233 541 351 187

Here's what our amazing customers are saying

Emmanuel Essential
Kogi state University
I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟
Very Good
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
Gbadamosi Solomon Oluwabunmi
Swift delivery within 9 minutes of payment. Thank you project master
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.


  • Select 3 Project Topics of your choice from your Department.
  • Submit the 3 topics to your Supervisor for Approval.
  • Call Our Instant Help Desk on 0813-292-6373 and Get Your Complete Project Material Instantly.
  • All project materials on this website are well researched by professionals with high level of professionalism.


How do i choose a Project Topic?

Look for your department and select any topic of your choice

I have a fresh topic that is not on your website. How do I go about it?

How fast can i get a complete project from your website?

Within 15 minutes if the exact project topic is on our website

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

One of your topics suites my project, but the case study is different. What do i do?

Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

How do i get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: (+234) 813-292-6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!