Thesis Abstract

Abstract
Electronic banking, also known as e-banking, has become an integral part of the financial services sector globally. This research project aims to explore the implications of electronic banking on the economic landscape of Nigerian banks. The adoption of electronic banking services by banks in Nigeria has been steadily increasing over the past decade, driven by technological advancements, changing customer preferences, and the need for operational efficiency. The study will examine how electronic banking has influenced the operational efficiency of Nigerian banks, including cost reduction, improved customer service, and enhanced transaction processing. Additionally, the research will investigate the impact of electronic banking on financial inclusion in Nigeria, particularly in reaching unbanked and underbanked populations. Furthermore, the project will analyze the challenges and opportunities that electronic banking presents for Nigerian banks, such as cybersecurity risks, regulatory compliance, and competition. By understanding these implications, banks can develop strategies to leverage electronic banking effectively to drive economic growth and financial stability in Nigeria. Through a combination of qualitative and quantitative research methods, including interviews with banking executives, surveys of customers, and financial data analysis, this study aims to provide a comprehensive assessment of the economic implications of electronic banking on Nigerian banks. The findings of this research will contribute to the existing literature on electronic banking in emerging economies and provide valuable insights for policymakers, regulators, and banking professionals in Nigeria. Overall, this research project seeks to shed light on the transformative effects of electronic banking on the economic landscape of Nigerian banks and offer recommendations for maximizing the benefits of digital financial services while mitigating potential risks. By embracing electronic banking technologies and adapting to the changing financial landscape, Nigerian banks can enhance their competitiveness, improve financial inclusion, and contribute to the overall economic development of the country.

Thesis Overview

1.1 BACKGROUND OF STUDY

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1.2      STATEMENT OF PROBLEMS
As earlier pointed out, there is delay in payment of cheques which lead to the adoption of electronic banking system. Adoption of electronic banking which suppose to ease banking transactions rather resulted to woes to customer. Most people complain of time wasted in banks. This occurs when there is power failure in banks resulting to slow down in operation.
Another problem that emerged was that banks do not have information backup to fall back on should there be any computer break down.
In investing in electronic banking, the country will need a large amount of financial resources in computer technology, obviously, the resource is in short supply in Nigeria, couple with high level of poverty. For an efficient functioning of electronic payment system, there must be availability of infrastructural facilities such as electricity and telecommunication network, however, power supply fluctuates and there is still constant failure links in networks.
Since early 2000s banks have been developing and introducing payment cards for their customers as well as deploy ATM’s cards. Usage was however low due to lack of interconnectivity i.e. switching platform to interconnect the ATM’s for card holders.
1.3       OBJECTIVES OF THE STUDY  
This research work intends to assess the extent of electronic payment in banking activities as well as identify the various types of electronic banking.
The researcher will also evaluate the major problems associated with the development of electronic banking system in Nigeria as well as evaluate possible solutions to these problems.
The effect of electronic banking on profitability of banks will also be assessed. There are different types of electronic banking used in Nigeria banks; the researcher will like to evaluate the impact of these e-payment systems on banking industry and also assess the impact of electronic banking in Nigeria economy.
1.4       RESEARCH QUESTION
In order to get information from respondents the following questions where formulated:
What are the various types of electronic payment and the extent of electronic payment in banking activities?
In what extent can e-banking improve or enhance banking services?
What are the major problems associated with the development of electronic banking system in Nigerian?
What are the solutions to the problems associated with the development of e-banking?
What extent has e-payment affected banking activities?
The research shall attempt to find answers to these questions in the next chapter.