THE RELEVANCE OF COMPUTER NETWORKING IN NIGERIA BANKING INDUSTRY

Thesis Overview

1.0 INTRODUCTION1.1 BACKGROUND OF THE STUDYAde Wum, (2006) the advent of structural adjustment programme in 1989 has not only increased competition in the banking industry, but also brought the application of computer in banking services the competition brought about by the structural Adjustment, programme (SAP) has enhanced the introduction of computers in banking industry. But computerization per say has solved some problem in the industry. Some innovation banks have gone into computer network in order to reduce if not eliminating some of these problems. Banks wants to achieve the improvement of their services rendered to customers.As at 2007, first Bank of Nigeria Plc Ovoko Nsukka monthly Business and economic report (august 2008) opined that the banking industry has witnessed a rapid transaction due to services delivery with the trend of competition. However, some people have argued that the service cannot be significantly improved despite the increase in number, but within that same of people some still believe that banks need to radically improve their mode of operations. This means that bank should rely less on human labour to perform the routine jobs that tend to consume workers time. This still leads to some of the problems  encountered by the majority of the customers in the baking services delivery. The inefficiencies of various degree, such as unbelievable eremitical errors in cash paid and received over the counter and wrong posting to statements of accents. Inadequate and untamed information for loan management etc. can effect bank.Furthermore, customers will like to operation their account from anther branch different from where they maintain their account. Banking industry problem can be removed with the aid of higher degree of computerization which is computer net working. Not having computers in one branch and forgetting about the other braches. Banks should have computers that will amble them to carryout their operation effectively. The computers have to be linked how this can be done will be discussed in this project writing or work. Basically, computerization of branches has to be achieved before this networking is possible.                     1.2 STATEMENT OF THE PROBLEMThis research work is concerned with the relevance of computer networking in the Nigeria banking industry using first banking of Nigeria plc Ovoko Nsukka 2005-2012 as a case study. This relevance of computer networking in banking industry is process that must be tackled with every amount of vague by banks in order to minimize undue delay in banking operations.