INTRODUCTION
1.1BACKGROUND 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.
This, the concept of universal banking will allow banks the authority to decide on its portfolio of business, select appropriate delivery channels and faculties within an appropriate and applicable regulatory framework. The distinction between money, capital market and insurance business is survived, and the emergence of large financial conglomerates and banking group will be encourage.
TABLE OF CONTENTS
TITLE PAGE II
APPROVAL III
DEDICATION IV
ACKNOWLEDGEMENT V
PROPOSALVIII
TABLE OF CONTENTS IX
LIST OF TABLES
LIST OF FIGURES
CHAPTER ONE
1.0INTRODUCTION 1
1.1BACKGROUND OF THE STUDY
1.2STATEMENT OF THE PROBLEM 4
1.3PURPOSE / OBJECTIVE OF THE STUDY 5
1.4RESEARCH QUESTIONS 6
1.5RESEARCH HYPOTHESIS 7
1.6SIGNIFICANCE OF THE STUDY 9
1.7SCOPE , LIMITATIONS AND DELIMITATIONS 10
1.8OPERATION OF TERMS 11
CHAPTER TWO
1.0REVIEW OF RELATED LITERATURE
2.1OVER – VIEW OF NIGERIA FINANCIAL SYSTEM 16
2.2REVIEW OF AN TEMPORARY DEVELOPMENT TO NIGERIA BANKING SYSTEM 17
2.3NIGERIA FINANCIAL SYSTEM PRIOR TO THE ADOPTION OF THE PRINCIPLE OF UNIVERSAL BANKING 21
2.4HISTORY OF UNIVERSAL BANKING IN NIGERIA 27
2.5IMPERATIVE FOR UNIVERSAL BANKING IN NIGERIA 30
2.6MODEL OF UNIVERSAL BANKING IN SELECTED
COUNTRIES 32
CHAPTER THREE
3.0DESIGN AND METHODOLOGY
3.1RESEARCH DESIGN 39
3.2AREA OF STUDY 39
3.3POPULATION 39
3.4SAMPLE AND SAMPLING TECHNIQUES 40
3.5INSTRUMENTS OF DATA COLLECTION 42
3.6METHOD OF DATA PRESENTATION 42
3.7METHOD OF DATA ANALYSIS 42
3.8DECISION RULE 43
CHAPTER FOUR
4.0DATA PRESENTATION AND ANALYSIS
4.1DATA PRESENTATION 45
4.2TESTING HYPOTHESIS 57
4.3DISCUSSION OF FINDINGS 57
CHAPTER FIVE
5.0FINDINGS, RECOMMENDATION AND CONCLUSION 76
5.1SUMMARY OF FINDINGS 76
5.2RECOMMENDATION 78
5.3CONCLUSION 80
5.4SUGGESTION FOR FURTHER STUDIES 81
BIBLIOGRAPHY83
APPENDIX 1.COVERING LETTER 86
2.QUESTIONNAIRE 86
3.CRITICAL VALUE OF CHI – SQUARE91 DISTRIBUTION TABLE