The Relevance Of Computer Networking In Nigeria Banking Industry

The Relevance Of Computer Networking In Nigeria Banking Industry

Abstract

With the current banking system in the country’s( Nigeria), the computer networking system has come important in the banking assiduity as the bank officers and guests have began to appreciate availability, creditability and constancy of the network system, this design discovered the significance of computer networking system, in the banking assiduity. still, quantitative and logical were used in the compendium of data, use of bar map, pie map, testing of thesis, establishing relationship and drawing consequences grounded on the information collected. also, from the analysis, through questionnaire, direct interview and observation, this study should be suitable to prove the fact that despite all the problem of the computer networking system in the banks that have started the perpetration, like communication problem from MTN software problem, the system I still needed in the banking assiduity to help perform the major banking operations like finances transfer, printing of balances making information to be available from any branch to any other branch when demanded etc which ordinary robotization of the bank can not handle. still, the success of the computer networking system in the banking assiduity shall be still recorded substantially in the area of minimizing the time spent by guests in the bank when carrying out any sale, adding the effectiveness and effectiveness of the position of performance by the bank officers, increase in the number of branches since the inception of the programme and in the number of services rendered by these banks. likewise, the study also in the final analysis will make some acceptable recommendation to the banking assiduity. guests and MTN communication similar that all old and new generation banks should embark upon the computer networking system.

Chapter One

Preface

Background Of The Study

Ade Wum,( 2006) the arrival of structural adaptation programme in 1989 has not only increased competition in the banking assiduity, but also brought the operation of computer in banking services the competition brought about by the structural Adjustment, programme( SAP) has enhanced the preface of computers in banking assiduity. But robotization per say-so has answered some problem in the assiduity. Some invention banks have gone into computer network in order to reduce if not barring some of these problems. Banks wants to achieve the enhancement of their services rendered to guests.

As at 2007, first Bank of Nigeria Plc Ovoko Nsukka yearly Business and profitable report( august 2008) editorialized that the banking assiduity has witnessed a rapid-fire sale due to services delivery with the trend of competition. still, some people have argued that the service can not be significantly bettered despite the increase in number, but within that same of people some still believe that banks need to radically ameliorate their mode of operations. This means that bank should calculate less on mortal labour to perform the routine jobs that tend to consume workers time. This still leads to some of the problems encountered by the maturity of the guests in the baking services delivery. The inefficiencies of colorful degree, similar as unthinkable eremitical crimes in cash paid and entered over the counter and wrong advertisement to statements of accentuations. shy and untamed information for loan operation etc. can prompt bank.

Likewise, guests will like to operation their account from anther branch different from where they maintain their account. Banking assiduity problem can be removed with the aid of advanced degree of robotization which is computer net working. Not having computers in one branch and forgetting about the other braches. Banks should have computers that will ramble them to carryout their operation effectively. The computers have to be linked how this can be done will be bandied in this design jotting or work. principally, robotization of branches has to be achieved before this networking is possible.

Statement Of The Problem

This exploration work is concerned with the applicability of computer networking in the Nigeria banking assiduity using first banking of Nigeria plc Ovoko Nsukka 2005- 2012 as a case study. This applicability of computer networking in banking assiduity is process that must be dived with every quantum of vague by banks in order to minimize overdue detention in banking operations.