The research study set out to assess the impact of information technology on commercial banks in nigeria and to provide vital information in order to extract the sincere perception of the bank customers and staffs in nigeria with regards to the position and role of information technology in commercial banks in nigeria. Spearheaded by the announcement by the central bank of nigeria on july 6, 2004 about a major reform program that would transform the banking landscape of the country, an unprecedented process of merger and acquisition had taken place in the nigerian banking sector. Post merger and acquisition and performance of deposit. User acceptability and payment problems in nigeria 1. The impact of electronic banking on human resources. Often, the reasons stem from disadvantages that are incurred when banking online. Electronic banking has reduced dependence on certain locations before performing certain banking transactions. Nigeria around 20042005 when the central bank of nigeria cbn. Finally, bankruptcy remains extremely limited, and while the use of mergers is gaining, it is being carried out in a largely administrative fashion. Given the above scenario, therefore, this study focuses on finding how ebanking has been able to enhance the profitability of commercial banks in. Electronic banking is the conduct of banking business electronically which involves the use of information communication technology to drive banking business for immediate and future goals.
Official pdf, 1 pages world bank documents world bank group. Banking industry consolidation and financial performance. The disadvantages of electronic banking business nigeria. The paper examined the challenges of merger and acquisition in nigerian with special reference to telecommunication sector in nigeria. Access bank has 309 branches worldwide and 1600 atms. Technological innovations are having significant importance in human general and professional life. Get free research paper on the role of electronic banking e banking in the development of financial institutions in nigeria. This is approved for students in accountancy business computer science economics engineering arts. Electronic banking in nigeria challenges and prospects a case study of first bank plc, largest undergraduate projects repository, research works and materials. We only make an electronic banking service available if. Diamond and access bank merger changing financial landscape. Major players in the banking industry are worry that the merger, given the huge resources will lead to the emergence of a bank that will be too big and strong by the local. The perception and use of electronic banking among.
Economics nne which is an integration of neoclassical economics and transaction. Department of banking and finance, university of nigeria, nsukka achugamonu, uzoma. The rise of electronic devices has also made electronic banking in nigeria, a rising trend. Pdf money laundering and financial crimes in the banking. Such indices would readily qualify the bank as the largest in nigeria. The banking system in nigeria is regulated through the central bank of nigeria.
The impact of information technology in nigerias banking. Nov 06, 2017 challenges of merger and acquisition in nigerian a case study of telecommunication sector abstract. Mergers and acquisitions and banks performance in nigeria. Problems and prospects of electronic banking in nigeria. Core banking software in nigeria it wasnt long ago that nigeria had a gazillion banks but one and half banking consolidations later, we are down to about 24. The impact of electronic banking on human resources performance in the nigerian banking industry ojokuku, r. Implications on sectoral credit allocation and economic growth aniekan okon akpansung department of economics modibbo adama university of technology yola, nigeria matthew oladapo gidigbi department of economics modibbo adama university of technology yola, nigeria abstract. The group annual financial statements, kcb bank kenya, kcb bank. Post merger and acquisition and performance of deposit money. There a basically three departments in the central bank of nigeria and they are the banking. This bank is 4th in nigeria and was established in 1989. E banking, it also observed, holds enormous potentials for the banking industry in nigeria.
Aside from having a personal computer or laptop, having stable internet access at home is a basic prerequisite to performing electronic. Igbunu richard department of computer science, school of sciences, college of physical education, mosogar, delta state. Merger and acquisition in the banking industry in nigeria abstract banking is in the midst of change that has arisen due to economic depression. Objectives, standards and processes of banking supervision. As government seek to improve economic efficiency and better allocation of resources to solve the problem of economic depression, policy makers are shifting towards openness, competitiveness and market discipline. Mar 25, 2014 the research study set out to assess the impact of information technology on commercial banks in nigeria and to provide vital information in order to extract the sincere perception of the bank customers and staffs in nigeria with regards to the position and role of information technology in commercial banks in nigeria. Effect of mergers and acquisitions on banking sector performance in nigeria okoye, lawrence uchenna. Colonial government always encouraged british banks to merge their interests in. Adelelouise carter abstract the internet and other electronic media have had a positive impact on the lives of individuals and businesses all over the world. The performance of the capital market is largely influenced by banksshare prices as the banking industry accounted for about 40% of the total value of equities on the nigerian stock exchange. Challenges of merger and acquisition in nigerian a case. Nigeria extractive industries transparency initiative. Department of management and accounting ladoke akintola university of technology, ogbomoso, oyo state, nigeria email. Banking industry consolidation and financial performance of selected quoted banks in nigeria owolabi, sunday ajao1 2and ogunlalu, adewale emmanuel abstract in any economy, the banking industry is a highly regulated industry owing to the fact that the industry is considered as the engine of economic growth and development.
In 2004, the regulating body prescribed a minimum shareholders fund of 25billion naira for licensedbanks operating in nigerian. It may be noted here that merger and acquisition is frequent in the nigerian banking sector. Issues and challenges article pdf available in research journal of finance and accounting 86 february 2017 with 11,834 reads how we measure reads. Pdf overview of electronic banking in nigeria chris. Download undergraduate projects topics and materials accounting, economics, education.
Electronic banking terms and conditions standard chartered. This reform focused on bank consolidation through the mechanism of merger and. In nigeria, banking business, according to section 6 of the banks and other financial institutions act 1991 as amended in 1997, 1998, 1999, and 2002. Based on above the general objective of this work is to ascertain the impact of electronic banking instruments on the intermediation efficiency in nigeria, while its specific.
Challenges of the regulatory authorities and the aw y forardw adewuyi, i. D, fca department of financial studies college of management science redeemers university km 46 48 lagos ibadan express way redemption city, mowa ogun state, nigeria. Electronic banking using payment instruments postpaid cards, prepaid cards, money on a microchip etc. The governor of central bank of nigeria, professor charles soludo in defense of the new capital base of n25billion and consolidation by merger and acquisition did analysis of the position of the government of the federal republic of nigeria and their reform programme to have a banking system that will be a strong bedrock for economic building. However, both definition seen the same but the distinguishing factor is that whereas there is a fusion in a merger, in an acquisition, both the acquired and the acquirer companies continue in existence. The banking industry in nigeria started during the colonial era with the establishment of colonial banks, with the primary aim of meeting the commercial needs of the colonial government. In solving the model with and without merger we assess the risk that banking consolidation may drain liquidity away from the interbank money market.
The research also explained the services and the featu. Electronic banking and profitability of commercial banks. The adoption of information and communication technology in banking sector is generally referred to as electronic banking e banking and application of its concepts, techniques, policies, and implementation strategies to banking services has become. Problems and prospects abstract this research work is an attempt to analyse and find out the problem and prospects of eletronic banking in nigeria. Its economic benefits and challenges okifo joseph department of business education, school of vocational education, college of physical education, mosogar, delta state. Its contents may not be otherwise disclosed without world bank authorization. Not everyone enjoys the luxury of having a stable and fast internet connection at home. Empirical analysis of effects of bank mergers and acquisitions on small business lending in nigeria asuquo, akabom ita, ph. Electronic banking has made importation better in nigeria unlike manual banking. It discovered that the increased application of e banking worldwide is a function of improvement in information and communications technology ict. The impact of information technology in nigerias banking industry 1oluwagbemi oluwatolani 2abah joshua and 3achimugu philip abstracttoday, information technology it has become a key element in economic development and a backbone of knowledgebased economies in terms of operations, quality delivery of services and productivity of services. However, when we say merger, it implies the combination, joining or the fusion of two or more formerly independent companies into one organization or company with a common ownership and management without the coming together of these companies a merger cannot exist. The research geared toward explaining what electronic banking is all about and when it was introduce into nigeria. Lagosthe banking industry will experience the merger of 10 banks in a matter of weeks while two islamic banks will open shop before the end of the year, says central bank of nigeria.
D department of accounting, faculty of management sciences, university of calabar p. This study investigated factors affecting housing finance supply in nigeria. The banking industry in nigeria started during the colonial era with the establishment of. They acquired intercontinental bank and they started using access bank for both which was more like a merger. Electronic banking and profitability of commercial banks in. Abor, 2004 before the introduction of electronic payment into the nigerian banking system, all customers had to walk into. Prior the current banking reformation programme by the federal government, there were about 82 approved commercial and merchant banking institution in nigeria by the central bank of nigeria cbn even after the era of distress syndrome that swept away the industry in the mid 1990s leading to the collapse of many banks and finance houses. Any merger that concerns the bank must first get prior approval of the cbn before sec approval is granted. Arising from the three major roles of the cbn in the areas. Problem and prospects abstract this research work is an attempt to analyse and find out the problems and prospects of electronic banking in nigeria. Bank mergers, competition and financial stability bis. Merger and acquisition in the banking ind ustry i n nigeria abstract banking is in the midst of change that has arisen due to economic depression. This assertion is borne out of the number of banks and bank branches, their total deposits. Analysis of performance pre and post consolidation of thirteen mega banks in order to consider if there had been improvements.
Effect of mergers and acquisitions on banking sector performance in nigeria okoye, lawrence uchenna department of banking and finance, covenant university, ota, ogun state email. They noted that it security is a major challenge to ebanking in nigeria and the banking industry is not stable enough for ebanking. Factors influencing banks implementation and consumers. As government seek to improve economic efficiency and better allocation of resources to solve the problem of economic depression, policy makers are shifting towards openness, competitiveness and market. Post merger and acquisition and performance of deposit money banks in nigeria imeokparia, lawrence ph.
The researcher also explained the services and the features of electronic banking in nigeria. The researcher general towards explaining what electronic banking is all about and when it was introduce into nigeria. Timothy abolade general manager, first bank of nigeria plc. This banking method facilitates the importation of goods in nigeria. Banking reform and its impact on the nigerian economy pdf. The decade 1995 and 2005 was traumatic for banking industries in nigeria which led to distress and in general, the overhauling of the industry. Umoren and olokoyo 2007 studied merger and acquisition in nigeria. This research work is an attempt to analyse and find out the problems and prospects of electronic banking in nigeria. Electronic banking services, and certain facilities under the electronic banking services, may be available only for certain types of accounts and not others. Abstract this research work is an attempt to analyse and find out the problems and prospects of electronic banking in nigeria. Bearing this consideration, the paper evaluates the impact of bank mergers and.
To do this, premerger and post merger financial statements of two. People now stay comfortably in their homes and perform a banking transaction using electronic devices without increasing road traffic. Merger phase in banking sector of nepal nepal journals online. In order to strengthen the competitive and operational capabilities of banks in nigeria with a view towards returning global and public confidence to the nigerian banking sector and the economy in general, the central bank of nigeria instituted a banking reform in 2004, which saw most of the then existing 89 banks merging with each other. By the time the other half of the new consolidation is concluded, we might be left with about 15 or so but until then fingers are crossed.
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