The Role of E-Banking on Organization Performance in Nigeria - Case Study of Commercial Banks

With the proliferation of the internet, coupled with the growing acceptance of the digital lifestyle and the world becoming increasingly addicted to e-business, the trend of cash transactions is now giving way to electronic payment system. Considering the rapid spread in the adoption of electronic banking as a channel for performing various bank transactions among banks in Nigeria, this study investigated the role electronic banking adoption has played in performance of organizations using a case study of commercial banks in Nigeria. Hence the objective of the study is to determine the role of e-banking on the performance of commercial banks in Nigeria. In pursuance of this objective, primary data were obtained by administering questionnaires to staff of four purposively selected banks (Ecobank, UBA, GTB and First bank). Pearson correlation was used to analyze the results obtained using the Statistical Package for Social Sciences (SPSS) and it was observed that banks' operational efficiency in Nigeria since the adoption of electronic banking is improved compared to the era of traditional banking. This improvement was noticed in the strength of banks, revenue and capital base, as well as in customers' loyalty. It was concluded that the introduction of new channels into their e-banking operations could drastically increase bank performance, since the more active customers are with their electronic transactions the more profitable it is for the banks