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Bullion

Keywords

Bank computerisation, Banking Industry, Banking-Nigeria

Abstract

The Banking act 1969 defined "Banking" as the business of receiving monies from outside sources as deposits irrespective of the payment of interest, and the granting of money loans and acceptable bills. The paper examines the computerisation of banking in Nigeria; Why computers are useful in banking in Nigeria. Finally the author is of the opinion that computerisation can be utilised as part of an overall bank management strategy to increase share of business and increase profitability.

Author Bio

The author is a staff of Merchant Bank of Commerce, Lagos.

Publication Title

CBN Bullion

Issue

4

Volume

14

Included in

Finance Commons

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