1.2 SIGNIFICANCE OF THE STUDY.
The dissertation should enlighten people on globalisation as regard the banking industry in Nigeria what has happened in the past, what is happening and what the future hold for the industry.
It will be discovered if there is positive relationship between the foreign banks in the country and the development of the banking industry.
The research work could be useful to the Nigeria government, management of banks in Nigeria, academicians, potential investors wishing to invest in the banking sector and also the general public and student of university of Kent.
1.3 SCOPE OF THE STUDY.
This dissertation is to study globalisation in the context of the banking sector in Nigeria only. The relevance of this topic to management is that the banking sector in Nigeria today is at the threshold of change of such a magnitude as to alter completely the fabric of business and indeed, lives (Archibugi, Howells et al. 1999). This change is rooted in the phenomenon of electronic business. .
This sector is highly competitive and competition is expected to intensify as new players of local and global scope enter the market. As the competitive terrain becomes more challenging to navigate, banks will need to maintain their competitive edge through the adoption of new technology (Ogundina 1999). Since technology is the key driver of change. Then the use of technology should be business driven to meet clearly defined business needs.
The single most important ingredient for the successful implementation of these technologies remains people. Banks in Nigeria require discipline project management, management sponsorship, requisite skills and commitment and the entry of foreign banks is enhancing performance as they bring with them their expertise (Adedoyin 1990).
1.4 OBJESCTIVES.
The proposed dissertation will, therefore, have the following objectives .
• To assess the general trend and growth of the banking industry: - what we intend to find out here is the transformation of the financial service from the first generation banking to the third generation banking .
