ABSTRACT
This research work focuses on the Effect of Information Communication Technology (ICT) on deposit mobilization and profitability of banks in Nigeria. It also revealed how computer technology is being used in taking strategic decisions in an organization, with the usage of computer technology. It helps to discover how efficiently and effectively the bank(s) are performing as regards deposit mobilization and trend(s) in profitability. Some research instrument(s) were used in this continuous writing were: Interview, Questionnaire and Observations which were illustrated with charts and (Chi-square). It starts with background of the study up to final recommendation to the higher Authority.
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The effect of information communication technology (ICT) in banks deposit mobilization and profitability in Nigeria cannot be underrated, the technology advancement has brought the introduction of computer system into the recent banking operations.
The introduction of computer and communication technology in the banking industry has been greatly facilitated by the level of awareness on the part of both management and staff in the industry. Banks have geared up human and financial technology to ensure that information communication technology is used to improve their performance, cater for new customers segments and developed the market.
The basic objective of the application of information communication technology, in any organization is the achievement of a radical improvement or quantum leap in its business operations. This will involve redesigning the existing resources with the expected outcomes of the organizational process. To achieve these objectives, an effective and efficient information processing technology (computer) and information transmission technology (communication) as a strategic response.
The American heritage Dictionary of the English Language defined a computer as “a device or electronic machine that performs high spread mathematical or logical calculation or that assembles, stores, collect or otherwise process and print information device from coded data in accordance with a predetermined program.
Furthermore, a computer is a highly complex electronic device that handle enormous masses of data at unimaginable speed and perform in second’s calculation that trained mathematical would take years to complete. It can be seem as electrical device that accept DATA from an input device, performs arithmetical and logical operation in accordance with pure-defined instruction and translate the processing or in final printing from such as business documents, schedules and management reports.
There are two types of computer, namely, the digital and analog computer and uses computer language such a (FORTRAN, COBOL BASIC, ALGOL) into a machine language modules or object programs.
The highly complex electronic device has major parts.
A. HARDWARE: Subsystem, which equally has two parts;
THE CENTRAL PROCESSING UNIT (CPU) made up of
a. (A. L. U) where all calculation and comparison are made
b. Central and Memory / Storage: all data must be read into memory before the computer can process them.
c. Control Unit: This unit directs and control the activities of all other sub-computer components of the entire computer system.
B. THE PERIPHERALS: Which includes.
a. The input device card recorders, paper, tape, reader, VOU and TT.
b. The secondary storage device, which include cards, magnetic tape and magnetic disc.
C. SOFTWARE SUBSYSTEM: This subsystem is grouped into two areas:
1. System programe, which consist of
a. Operating system or supervisor program, as the name implies
b. Computer or language translator as another type of system program, which
translate or control application programs into machine language.
2. Application Program: Computer do not understand the human language at the moment anyway, therefore language called programming language. There is a group of computer which is called. “NETWARE NETWORK” that are linked together so they can communicate and show resources.
1.2 PROPOSE OF THE STUDY
The purpose of this project is to evaluate and analyze the effect of Information Communication Technology (ICT) in United Bank for Africa. This research work will serve as a guide to determine whether the computer has been able to enhance operational effectiveness management control time accuracy well as increased in deposit mobilization and profitability of the United Bank for Africa and banks generally.
1.3 STATEMENT OF THE PROBLEM
As far bank 1990, United Bank for Africa has employed a system manager. This underlines the necessary of ICT in such a large bank. Most branches except rural branches have been computerized.
However, the banking operation Information Communication Technology (ICT), information system contained to be strictly before the introduction and installation of computer, the banks were unable to meet their goals and objectives.
1.4 SIGNIFICANCE OF THE STUDY
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