THE STUDY OF THE IMPACT OF UNIVERSAL BANKING IN NIGERIA FINANCIAL SYSTEM

PROPOSAL

        The study of the impact of universal Banking is one of the critical for banks Nigeria to  attain greater light. This borders most no the effect of the New concept in Nigeria banking system that tends to remove the functional barriers between commercial and Merchant banks, and consequently empowers the bank to undertake part from their conventional banking  business, capital market operations and insurance services.

        The chapter I stresses on the introduction. It equally deals with the background of study statement of problems, the objective of was based on exhuming the overall performance of  the Nigeria banking system prior to the introduction of universal banking, research questions, significance and hypothesis to test.

        On chapter 2, the literate review was highlighted.

        Chapter three (3) deals with the research design and the primary and secondary data .

        Chapter four (4) stressed on the presentation of data and analysis. While chapter 5 compresses of the condition with the above procedures, the research copies to carry out the research work successfully.

TABLE OF CONTENTS

TITLE PAGE                                                               II

APPROVAL                                                                         III    

DEDICATION                                                              IV

ACKNOWLEDGEMENT                                                  V

PROPOSAL                                                                 VIII

TABLE OF CONTENTS                                                  IX

LIST OF TABLES        

LIST OF FIGURES

CHAPTER ONE

1.0   INTRODUCTION                                              1

1.1    BACKGROUND OF THE STUDY                             

1.2         STATEMENT OF THE PROBLEM                           4

1.3         PURPOSE / OBJECTIVE OF THE STUDY                         5

1.4         RESEARCH QUESTIONS                                      6

1.5         RESEARCH HYPOTHESIS                                    7

1.6         SIGNIFICANCE OF THE STUDY                            9

1.7         SCOPE , LIMITATIONS AND DELIMITATIONS                10

1.8         OPERATION OF TERMS                                      11

CHAPTER TWO

1.0   REVIEW OF RELATED LITERATURE

2.1    OVER – VIEW OF NIGERIA FINANCIAL SYSTEM      16

2.2        REVIEW OF AN TEMPORARY DEVELOPMENT TO NIGERIA BANKING SYSTEM                                            17

2.3        NIGERIA FINANCIAL SYSTEM PRIOR TO THE ADOPTION OF THE PRINCIPLE OF UNIVERSAL BANKING          21

2.4        HISTORY OF UNIVERSAL BANKING IN NIGERIA     27

2.5        IMPERATIVE FOR UNIVERSAL BANKING IN NIGERIA 30

2.6        MODEL OF UNIVERSAL BANKING IN SELECTED

COUNTRIES                                                               32    

CHAPTER THREE

3.0      DESIGN AND METHODOLOGY

3.1    RESEARCH DESIGN                                            39

3.2        AREA OF STUDY                                                         39

3.3        POPULATION                                                      39

3.4        SAMPLE AND SAMPLING TECHNIQUES                  40

3.5        INSTRUMENTS OF DATA COLLECTION                  42

3.6        METHOD OF DATA PRESENTATION                      42

3.7        METHOD OF DATA ANALYSIS                               42

3.8        DECISION RULE                                                 43

CHAPTER FOUR      

4.0      DATA PRESENTATION AND ANALYSIS

4.1    DATA PRESENTATION                                                 45

4.2        TESTING HYPOTHESIS                                        57

4.3        DISCUSSION OF FINDINGS                                  57

CHAPTER FIVE

5.0        FINDINGS, RECOMMENDATION AND CONCLUSION        76

5.1    SUMMARY OF FINDINGS                                     76

5.2        RECOMMENDATION                                            78

5.3        CONCLUSION                                                     80

5.4        SUGGESTION FOR FURTHER STUDIES                          81

BIBLIOGRAPHY                                                   83

APPENDIX         1.      COVERING LETTER             86

2.           QUESTIONNAIRE                86

3.           CRITICAL VALUE OF CHI – SQUARE91 DISTRIBUTION TABLE              

CHAPTER ONE

INTRODUCTION

1.1   BACKGROUND OF THE STUDY

The performance of the Nigeria banking sector has been a serious concern to the generality of Nigeria. Such Nigerians includes but are not restricted to politicians, the military, the academic community  , industrialist , traders, and even the peasant community. As one reflects on the present state of the sector, one cannot but come to the sad conclusion that all is not well.

        Actually, the method of expressing the dissentient within the banking sector may be varied but there is umainity in feedings. These feelings have one interpretation, which can be described in a polite language as bewilderment at the modes of operation of banks.

        The questions that readily comes  to mind is encapsulated in one sentence; what is wrong with our banking sector ? other questions fact draws from this includes.

(i)          Is the problems that of management ?

(ii)         Is the problem that of poor regulatory policy by the controlling authorities ?

(iii)        Is the Nigeria banking environment inherently defective ?

Whatever the reasons that can be adduced for the unimpressed performance of this subsection, one thing is crystal clear, the banking sector is sick and may have lapsed into comma, therefore a serious surgical operations may be required to revitalize and sanitize it.

        Furthermore, inspite of drastic changes that took place in the Nigeria Banking sector within the last decade in the area of institutional  framework, legal and regulatory financial, the overall performance of this industry can be said to be grotesque, absend and in congruous with the expectation of Nigerians. (Emekewue, 2003) .

        With the ever – increasing deregulation and liberalization of the financial system and the revolution in information technology, the Nigeria economy cannot but be affected by the globalization of the world economy. It will be faced with foreign competition for it is handily position for Nigeria to benefit from position result  this phenomenon,  such as capital flows, it  mater have a health and sound financial system and institution with the capacity to play the global gave efficiently and effectively (CBN) Ballion 2003

        Moreover, within the context of globalization, deregulation and liberalization, the preference will before a system that permits unfettered choice which is a vote for the universal banking, where the financial bankers between banks are removed and scope and operation of banks enhanced.

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