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.




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


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


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




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 when Apex Bank of Nigeria (Central Bank of Nigeria) gave Allstates its approval. Trust Bank Limited will open to the public a financial product called ESCA, an electronic wallet.

1.2 Problem Description

Still in a relatively early stage of development, this e-money adoption will challenge the dominant role of cash in micropayments and will
(airlines, supermarkets, etc., who are current account holders). In light of this, 10 central bank governors (G-10) have commissioned a series of studies on specific electronic money issues. To

(i) highlight the major design features and functional aspects of the e-money product;

(ii) analyze the technical risks inherent in those products;

(iii) investigate the potential for reputable security measures to prevent, detect and mitigate fraud;

1.3 Purpose of the survey

In response to the development of information technology in the country’s financial sector, the Central Bank of Nigeria commissioned an information technology strategy study with the aim of facilitating the efficient fulfillment of its legal obligations. The project is being implemented in phases and both accredited banks and regulators appreciate the benefits of using information technology.

The main focus of this project is on the fundamental policy issues raised by the introduction of e-money systems, but also on the perspectives or control mechanisms put in place to ensure the effective management of electronic products and e-money. are also given due attention. Impact on the economy as a whole.

1.4 Scope of investigation

The scope of this project work is limited between Nigerian banks and their customers and companies or firs engaged in e-banking and their customers.

1.5 Research Limitations

Despite conducting research, there are some limitations that researchers encounter.

(i) Inappropriate Time:

Due to the short school semester, researchers have limited time to complete their projects.

(ii) inadequate response;

Some banks do not disclose how they handle e-banking. This is because it is a secret between the bank and the customer. (iii) financial

There is limited funding for researchers to do their research more effectively.

(iv) inappropriate materials;

Since the project is a new development, project materials are limited.

1.6 Definition of terms

(i) What is a pin? A personal identification number is a device used to access your personal account.

(ii) What features does e-banking offer? These distinguish e-banking from traditional banking.

(iii) What is the outlook for e-banking? This is the success or result or position of e-banking characteristics.


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