Nigerian banks in the face of increasing competition are currently facing enormous challenges which have made survival increasingly difficult. To survive and be successful providers of financial services, it is extremely important that the present environment should go with a new management order which will offer the customer satisfaction and make better business performance. It is evident that today customers have increasingly become so enlightened and aware of their importance that ignoring them in search for competitive advantage can be suicidal for banks. Therefore, banks must brace up to the challenges in a bid to provide an effective customer service.

Banking operations in Nigeria started in 1892 when African Banking Corporation opened its first branch in Lagos to finance the shipping business of Elder Dumpster and Company which was operating steamship services between Liverpool and the West African coast. The Bank of British West Africa took over the activities of the African Banking Corporation in 1893 (now First Bank of Nigeria Plc). In 1917, Barclays Bank (now Union Bank of Nigeria Plc) was established. Shortly year, many more Banks were established; some of which are the British and French Bank (now United Bank for Africa Plc) established in 1949, the Industrial and Commercial Bank established in 1929, National Bank of Nigeria Plc established in 1933, the Agbonmagbe Ban (now Wema Bank) established in 1945, Nigeria Penny Bank established in 1940, Nigeria Farmer and Co-operative Bank Plc established in 1947 and so on. (Okoh, S. E. and Unugbro, A. O. 2003).

Since independence banking industry has grown tremendously and serves the greater proportion of the general public. With the liberalization of bank license in 1980, a more competitive environment and efficiency in the banking system was promoted. Bank is a customer oriented services industry. A bank depends upon the customers for their survival in the market. The customer is the focus and customer service is the differentiating factors (Guo et al., 2008). A bank can differentiate itself from competitors by providing high quality customer service (Naeem & Saif, 2009). Service quality is undoubtedly an important input for customer satisfaction which in turn influences customers’ behaviour in terms of loyalty (be it expressed in customers’ repurchase intentions, positive word of mouth or an increase in the number of performed banking operations), and thus enhance a bank’s image and performance. Efficacy of customer service is related with progressive operation. project topics   final year project topics and research materials 

In the competitive banking industry, customer satisfaction is considered as the essence of success. Organizations operating in service industries should consider service quality a key strategic issue for the business success (Spathis et al., 2004). Those service providers who establish a high level of service quality retain a high level of customer satisfaction; they also obtained a sustainable competitive advantage. Research indicates that companies with an excellent customer service record reported a 72% increase in profit per employee, compared to similar organizations that have demonstrated poor customer service; it is also five times costlier to attract new customers than to retain existing customers (Duncan, 2004). In some earlier studies, service quality has been referred as the extent to which a service meets customer’s needs or expectations (Lewis & Mitchell, 2000). Bank should be known about the expectation and perception of the customer. Measuring customer’s expectation is the key to being able to serve the customer satisfactorily. On the other hand, with better understanding of customer’s perceptions, bank can determine the actions required to meet the customer’s needs. In this way they can easily satisfied the customer which is directly impact on the overall performance of the bank. Customer satisfaction is one of the important tools to run a business and to achieve the mission statement. Indeed, customer satisfaction has great significance for the future of an institution and it is seen as a basis for securing market position and achieving other objectives of the institution. Therefore, achieving high levels of service is one method to keep customers both satisfied and loyal (Perng, 2007).

Customers in the banking sector are in a strong bargaining position due to the significant growth of banks. Therefore, banks have to provide service carefully because of the availability of banks. Service quality has been a vital issue of discussion and research over the past three decades. Research on service quality has well established that the customer perception of the quality of a service depends on customer’s pre-service expectations. Studies by Parasuraman et al. (2005), Zeithmal et al. (2000), noted that the key strategy for the success and survival of any business institution is the deliverance of quality services to customers. Accordingly, Chang (2008) deemed that excellent service quality is vital to business success and survival. Hence, delivering quality service to clients is a necessity for success and survival in today’s competitive world (Kheng et al., 2010). Banks do business with customer’s money. So, the more satisfied customers are involved in a bank’s row, the more secure business and profitability. If a bank cannot provide proper customer service, then the bank would be losing its customers. The profitability would also be decreasing because of the poor customer service. According to Kang (2004) many service delivery errors and problems can occur and that is not beneficial for the reputation of the organization. Ha and Jang (2009) argued that service failure occurs when customer perceptions do not meet customer expectations. The problem with service failure is that it may lead to a destroyed relationship between the customer and the organization. Thus the importance of customer satisfaction in today’s dynamic corporate environment is obvious as it greatly influences customer’s repurchase intensions whereas dissatisfaction has been seen as a primary reason for customer’s intentions to switch. Satisfied customers are most likely to share their experiences with other five or six people around them. Equally well, dissatisfied customers are more likely to tell another ten people about their unfortunate experiences with a particular organization. In order to achieve customer satisfaction, organizations must be able to build and maintain long lasting relationships with customers through satisfying various customers needs and demands (Pizam & Ellis, 2009). Otherwise, the combined effect of negative word-of-mouth, switching and reduced consumption will affect the productivity and profitability of the bank.

1.2   Statement of the Problem

The relevance of the customer in every business organization cannot be overemphasized having known that the customer is the lifeblood of every business survival. Nigeria Banks have fall short of the expectations of their customers in recent time. Customers have experienced challenges ranging from delayment, stock out, non-availability of staff at service points, unprofessional conduct or rudeness by the staff of the bank, poor standard of records or improper information, failed promises among others.

Customers’ satisfaction and service quality are interlinked and this creates value for customer. If customers are offered services that they expect or that exceed their expectation, they will have a positive view about a firm. On the other hand if customers feel they got less value than what they expected, their attitude towards a given firm will be negative and they may pass this attitude to potential customers (Chau & Kao, 2009). If satisfaction is there, then customers will become loyal but if customers are dissatisfied their loyalty is not guaranteed. Hence management should pay special focus on the satisfaction and this starts with offering quality service (Mohsan et al., 2011).

In the words of Ogunnaike and Ogbari (2008), customer service in our money deposit bank can be mistaken to mean customer delay and frustration. According to the authors almost every Nigeria bank encounters similar problem in meeting customers’ expectation of services and customer satisfaction. The issue of money transfer in banks is one major problem that customers of certain banks have been made to experience. In most cases, the customer hardly receives the payment of the money transferred in his account immediately.

1.3 Purpose of the Study

The main aim of the study is to examine Service Quality and Customer Satisfaction of Selected Money Deposit Banks in Port Harcourt. Specific objectives of the study are:

1.     To examine the association between service quality Reliabilityand Customer satisfaction of money deposit bank in Port Harcourt

2.     To examine the relationship between service quality Assurance and Customer satisfaction of money deposit bank in Port Harcourt.

1.4 Research Questions

In-order to guide the study and achieve the above objectives, the following research questions was formulated:

To what extent does Reliability enhances Customer satisfaction? To what extent does Assurance enhances Customer satisfaction?

1.5   Conceptual Framework


Customer loyalty




Brand Advocacy


SOURCE:(Researcher’s Desk 2015).

1.6 Research Hypotheses

H01: There is no significant association between Reliability and Customer loyalty.

Ho2: There is no significant association between Assurance and Brand Advocacy.

1.6   Significance of the Study

This study will be of benefits and interest not only to banks in Port Harcourt, but it will be valuable to other service sectors in Nigeria as a whole. The study will also be a source of primary and secondary data to other researchers who wish to conduct studies on related issues. It will again act as mainstream for generating, keeping and maintaining customers. The significance of this study are as follows:

i.          To provide effective customer services to the banking public.

ii.         To enhance economic efficiency and effective resource allocation in the Nigeria banking industry.

iii.         To increase effects towards positive customer loyalty in the banking industry.

1.7  Scope of Study

This research work will be restricted to the operations of selected banks in Port Harcourt, Nigeria. This will enable the researchers to generalize and affirm how effective Service Quality and Customer Satisfaction have been able to stay in the Money Deposit bank in Port Harcourt.

1.8   Limitations of the Study

The limitations of this study are given below:

Due to time constrain it was not possible to cover all the branches of private commercial banking sector The data and information related with the topic was not easily available. The bank confidentially keeps the data. Bank’s policy of not disclosing some sensitive data and information for obvious reason posed an obstacle to the practical orientation that could be very much useful.

1.9  Definition of Terms

Service Quality

The difference between customers’ expectations and their perception of the service offered to them (Ouyung, 2010).

Customer Satisfaction

Personal feeling either good or bad resulting from the evaluating services provided in relation to customers’ expectation (Taiwo et al., 2011).

Quality: Combined features of a service that is able to bring satisfaction (Akbar & Parvez, 2009).


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How To Write Chapter Three Of Your Research Project (Research Methodology)

  • Methodology In Research Paper

    Chapter three of the research project or the research methodology is another significant part of the research project writing. In developing the chapter three of the research project, you state the purpose of research, research method you wish to adopt, the instruments to be used, where you will collect your data, types of data collection, and how you collected it.

    This chapter explains the different methods to be used in the research project. Here you mention the procedures and strategies you will employ in the study such as research design, study design in research, research area (area of the study), the population of the study, etc. You also tell the reader your research design methods, why you chose a particular method, method of analysis, how you planned to analyze your data.

    Your methodology should be written in a simple language such that other researchers can follow the method and arrive at the same conclusion or findings.

    You can choose a survey design when you want to survey a particular location or behavior by administering instruments such as structured questionnaires, interviews, or experimental; if you intend manipulating some variables.

    The purpose of chapter three (research methodology) is to give an experienced investigator enough information to replicate the study. Some supervisors do not understand this and require students to write what is in effect, a textbook.

    A research design is used to structure the research and to show how all of the major parts of the research project, including the sample, measures, and methods of assignment, work together to address the central research questions in the study. The chapter three should begin with a paragraph reiterating the purpose of research. It is very important that before choosing design methods try and ask yourself the following questions: Will I generate enough information that will help me to solve the research problem by adopting this method?

    Method vs Methodology

    I think the most appropriate in methods versus methodology is to think in terms of their inter-connectedness and relationship between both. You should not beging thinking so much about research methods without thinking of developing a research methodology.

    Metodologia or methodology is the consideration of your research objectives and the most effective method and approach to meet those objectives. That is to say that methodology in research paper is the first step in planning a research project work.

    Design Methodology: Methodological Approach

    Example of methodology in research paper, you are attempting to identify the influence of personality on a road accident, you may wish to look at different personality types, you may also look at accident records from the FRSC, you may also wish to look at the personality of drivers that are accident victims, once you adopt this method, you are already doing a survey, and that becomes your metodologia or methodology.

    Your methodology should aim to provide you with the information to allow you to come to some conclusions about the personalities that are susceptible to a road accident or those personality types that are likely to have a road accident.

    The following subjects may or may not be in the order required by a particular institution of higher education, but all of the subjects constitute a defensible in metodologia or methodology chapter.

    Click here to complete this article - How To Write Chapter Three Of Your Research Project (Research Methodology)


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