IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON THE FINANCIAL PERFORMANCE OF SELECTED DEPOSIT MONEY BANKS IN NIGERIA

Code: 05C8FCAE24852022  Price: 4,000   65 Pages     Chapter 1-5    127 Views

IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON THE FINANCIAL PERFORMANCE OF SELECTED DEPOSIT MONEY BANKS IN NIGERIA

 

ABSTRACT

This research project had the purpose of finding the impact of information communication technology on financial performance of deposit money banks in Nigeria. Information and communication technology is important to the banking industry in Nigeria. The banking sector is vital for the growth of economy of a nation. Qualitative research design was employed in this study. The population of study was the 43 registered deposit money banks in Nigeria. Data collection sheet was used as the instrument of data collection. The information was gathered from the audited financial report which were readily available at the Central Bank of Nigeria. SPPS and excel were used to analyze the data collected. The research discovered that information communication technology has improved the financial performance of deposit money banks in Nigeria. As a results the market share has been increased plus it has assisted the deposit money banks to remain competitive. Information communication technology also assists to improve the liquidity of commercial which lowers dependability of depositors therefor improving on earnings and return. This helps improve of efficiency and profitability of the deposit money banks especially in the emerging banks. The study discovered there is need to invest more on information communication so as to increase the deposit money banks financial performance. The fast pace growth and development of information communication technology in the Nigeria banking sector has resulted into improvement in efficiency in operation and also in service delivery. deposit money banks have become competitive by enhancing staff training and growth as well as research and development in technology. Thus the study concludes that among the ICT employed by deposit money banks, mobile banking had the most positive influence on the financial performance.Based on the study findings, the study recommend that deposit money banks should reduce investment in ATMs and internet banking as this was found to have negative influence on financial performance. In this case therefore the researcher recommends that deposit money banks should keep investing and also using the mobile banking in their daily operations. This is due to the fact that the people who owns mobile phones are increasing day by day.

Project information

Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.

Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.

Material Information
  • ₦4,000.00 1 Price:
  • 65 2 No. of Pages:
  • 5 3 No. of Chapters:
  • No 4 Has Implementation:
FOR ENQUIRIES WE ARE AVAILABLE 24/7

Contact us on

DEPARTMENT
LAW