Electronic Banking And The Challenges Of The Nigerian Business Environment

(A CASE STUDY OF FIRST BANK OF NIGERIA PLC.)   BACKGROUND OF THE STUDY Although a lot of research works has been done on the prospects and challenges of Information Technology in the banking industry, theses research works are broad based and only few are actually carried on Electronic Banking (E-banking). Modern banks now realise that only those that overhaul their payment service delivery and operations are likely to survive and prosper in the 21st century (Opara et al, 2010). This is due to pressure of globalisation, consolidation, privatisation, deregulation and rapidly changing tec…