1.0                                                                              INTRODUCTION

In banking, as we have in all industries the need for information is so important. This is simply because all things being equal, good quality information aids good decisions and it leads to effective performance of managerial function and is in turn should lead to the attainment of the organizational goal.

This age had been tasked information age because managers have all a sudden become very aggressive with their chase for quality information quick and accurate decision must be made. This requires timely and suitable information and bank must react quickly to change in interest rate and other volatile variables in their operation.

Extra come must be taken by bank in their decision making exercise because any wrong step can lead to loss of million of naira which is irrevocable unlike in some other industries (wrong decision can result to inadequate and imprecise information of computer to the industry). Indeed the banking industry has employed computer earlier than other industries. There are several reasons for this early introduction of computer i.e. to process an manage the information system of the bank. The need to automate this system many be of two reasons viz (a0 Excessive work as a result of an over load of operations which the manual method cannot handle properly. (b) It may be as a result of the banking industry with an aim improving its competitive position.

The banks Insurance company, broker age houses, saving institutions etc. offers similar services to their customers. This exposures of its customers to many different satisfying or similar services makes them very difficult to stay in business, therefore better services have to be offered by the bank and these come from good decision making which is itself is a good information system product. Good information can only be obtained by proper management of the  information system when one can only consider the function of commercial banks in Nigeria such as:

  1. Granting of credit facilities to customers
  2. Creating money
  3. Safe keeping of valuable items   
  4. International trade advisory services

1.1                                                                              AIMS AND OBJECTIVES OF MANAGEMENT INFORMATION SYSTEM (MIS)

The basic aims and objectives of management information system (MIS) in banking industry and to reduce the problem or barriers of effective communication and processing of data in the banking industry other objectives are as follows:     

  1. To facilitate the practice of electronics banking (E-banking) in Nigeria effectively.
  2. Management information system encourage the effectives performance or implementation of automate trending system (ATM).
  3. Management information system encourages the effective implementation of universal banking system (U-Banking).
  4. If helps the bank to perform automated clearing system services.
  5. If assists in gathering none and better information in the banking industry.
  6. Management information system reduces information processing cost.    
  7. Management information system aim at reducing works in the banking industry.
  8. Management information system ensures proper and adequate documentation of the banking industry.
  9. Management information system reduce the number of errors and mistakes that occur in the banking industry.

1.2                                                                              PURPOSE OF THE STUDY

i.                                                                                 Evaluate the impact of management’s information system in the banking industry.

ii.         Assess the effectiveness or effect of automated management information system in the banking industry.    

iii.        Measure the impact of automated management information system in the performance operation of commercial banks in banking.

1.3                                                                              SIGNIFICANCE OF THE STUDY

The project work is significance in such a way that it (i) offers better services which come from good decision which itself is a good product (ii)               It identify areas which need to be improved upon in order to satisfy banking community in Nigeria (iii) It prepares Nigerian commercial bank to meet international requirements for the purpose of global network banking service.

1.4                                                                              SCOPE OF THE STUDY        

The scope of the study is limited to commercial bank due to time and financial constraint apart from the fact commercial banks are the most popular among banks and moreover majority of members of the public patronize commercial banks.         

1.5                                                                              HISTORICAL BACKGROUND OF WEMA BANK PLC

Wema Bank is an indigenous banking institution established during the period when Nigeria as a country was under a colonial M.A. Okupa and Mr. A.A. Alade under the company ordinances (Cap 133) with the trade name Agbonmagbe Bank Limited on 1st May, 1945 and is known as Wema bank. The ultimate aim of the founder was to assist indigenous merchant and business man who are discriminated against by the expatriate banks in the area of credit facilities allocation. This, width the wave of bank springing up of and ultimately, Wema bank qualified as the first oldest indigenous bank that is surviving till to day.

The period of acquisition of ownership of Wema bank Limited by the Western Region Government could be classified as the beginning of the bank adolescent stage strategic plan was set up and solid capital base was setup, built for instance, the shame capital of $10,000 in 1964 rose to $25,000 in 1990 and $2500 in 1991 and $7,000 in 1998.  Highly qualified staff were employed computerization of the services rendered were embarked upon up till to day while the management were give free hand to operate.

All these highlighted factors have them attributed however to the success of the story of the bank there were serves of problem that faced the bank during the period of ownership of the bank by the Western Region Government some of which are frequent government interference in the operation of the bank in the area of personal recruitment and decision making, which adversely affects the bank performance. The growth of the banks was also affected greatly by the political instability and loans and advances, granted influential customers were bad from inception.

The situation change in 1988 when Wema bank Plc want to the capital market and the customer and Government, interest was reduced to 40% of the total equity share capital while the individual own the 60% of the equity share capital.

There was wide branch network objectives embarked upon to erase the sigma of the Wema bank Plc, as a sectional branch network stood at Eighty five (85) spread all over the country in 1991 and total asset stood at #18,291,800,000.


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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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