ABSTRACT
Universal banking has been of controversial issue among partitions and regulation of financial sub-sector of Nigeria economy.
However most of these decisions have been flamed by lack of common understanding of what universal banking is and what its implication night wellbeing.
The research attempt to redress that situation by presenting, a well accepted understanding of the system.
Secondly discussing its applicability or lack there of to Nigeria commercial services and industry. And assessing how effective such system could be in Nigeria.
Interview was conducted by the researchers to understand the profile of the case study Afribank plc and how the bank practices universal banking.
Both primary and secondary data was used to also carryout the research work.
TABLE OF CONTENT
TITLE PAGE II
CERTIFICATION III
DEDICATION IV
ACKNOWLEDGEMENT V
ABSTRACT VII
TABLE OF CONTENT IX
CHAPTER ONE: INTRODUCTION
1.1 Background of the study 1
1.2 Afribank plc profile and location 3
1.3 Universal banking as practiced by Afribank 4
1.4 Statement of the problem 5
1.5 Purpose of the study 6
1.6 Research question 7
1.7 Significance of study 8
1.8 Scope, limitation and delimitation 9
1.9 Definition of terms concept 9
References. 11
CHAPTER TWO: LITERATURE REVIEW
2.1 definition of universal banking 13
2.2 history of banking in Nigeria 15
2.3 universal banking in other lands 17
2.4 before the introduction of universal banking in Nigeria19
2.5 origin of universal banking in Nigeria 19
2.6 universal banking concepts in Nigeria 23
2.7 arguments for and against universal banking. 25
2.8 universal banking and supervision authorities 28
2.9 the merits of universal banking 30
REFERENCE 32
CHAPTER THREE: RESEARCH METHOD AND DESIGN
3.1 Research method and design 34
3.2 Source of data 34
3.3 population 35
3.4 sampling method 36
3.5 method of analysis 38
CHAPTER FOUR: DATA PRESENTATION AND METHODOLOGY
4.1 Testing questionnaires Analysis and methodology 41
4.2 Hypothesis testing 46
REFERENCE.
CHAPTER FIVE: FINDINGS RECOMMENDATIONS AND CONCLUSION
5.1 findings 52
5.2 Recommendations 53
5.3 Conclusion 55
BIBLIOGRAPHY 56
APPENDIX 58