TABLE OF CONTENTS
COVER PAGE
CERTIFICATION
DEDICATION
ACKNOWLEDGMENT
CHAPTER ONE
1.0 INTRODUCTION
1.1 STATEMENT OF THE STUDY
1.2 OBJECTIVES OF THE STUDY
1.3 RESEARCH HYPOTHESIS
1.4 SCOPE OF STUDY
1.5 DEFINITION OF KEY TERM
1.6 PLAN OF THE STUDY
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1 THE MANUAL CLEARING SYSTEM
2.2 THE NIGERIA AUTOMATED CLEARING SYSTEM
(NACS)
2.3 OBJECTIVES OF THE NIGERIA AUTOMATED
CLEARING SYSTEM
2.4 THE PARTICIPANT OF NIGERIA AUTOMATED
CLEARING SYSTEM
2.5 PROBLEMS AND CHALLENGES OF NIGERIA
AUTOMATED CLEARING SYSTEM
2.6 TYPES OF CHEQUES AND ITS CROSSING
2.7 THE RULES AND REGULATION GUIDING CLEARING
HOUSE
2.8 ACCOUNTING PROCEDURE OF CLEARING HOUSE
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 HISTORICAL BACKGROUND OF CASE STUDY
3.2 SOURCE OF DATA
3.3 POPULATION OF THE STUDY
3.4 METHOD OF DATA COLLECTION
3.5 METHOD OF DATA ANALYSIS
3.6 LIMITATION OF RESEARCH METHODOLOGY
CHAPTER FOUR
4.0 DATA PRESENTATION, ANALYSIS AND
INTERPRETATION
4.1 DATA PRESENTATION
4.2 DATA ANALYSIS
4.3 TESTING OF HYPOTHESIS
4.4 INTERPRETATION OF RESULTS
CHAPTER FIVE
5.0 SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 SUMMARY
5.2 CONCLUSION
5.3 RECOMMENDATIONS
REFERENCES
CHAPTER ONE
1.0 INTRODUCTION
Clearing system is an arrangement where by financial
instruments issued by or to bank customers are presented and exchanged so that
the net position of member banks will be determined and value given
appropriately in line with existing rules of land regarding clearing
activities. Under the current dispensation, all licensed commercial banks in Nigeria
automatically belong to the clearing house in as much as its position is still
favorable at the Central Bank.
There is no doubts that the Nigeria Banking Sector remains
the major chapter of the Nigeria Economy.
The other Sectors attract investment more than all the other
sector deposit the negative traits exhibited by some of the key players. The
growth in this sector can be attributed to the introduction of sophisticated
and latest Information Technology (IT) equipment to drive various services and
products. The latest being the Automated Clearing System tagged.
The Nigeria Automated Clearing System (NACS) is a relatively
New Cheque Clearing System which became fully operational in Nigeria in
April, 2004 under the NACS, banks were directed to online clearing. All the
banks will act as participating Bank Clearing Centre (PBCC) i.e. their clearing
machine would be banked online to NACS Office at NIBSS, the body that
administered the Automated Clearing System.
About 25,000 clearing instruments were processed daily with
total value of about N6.0billion which approximates to #1.2trillion in year
2000. In order to have a cost effective implementation to Automated Clearing
System on the Nigeria Financial System, it is imperative that the solution
provides NCR Nigeria Ltd.
1.1 STATEMENT OF THE STUDY
Hence in the course of the study, effort has been made to
find solution to the following research problems,
The problems are;
i. Can Nigeria Automated Clearing System
improve payment system?
ii.Is it comparable with foreign
countries?
iii. What are the likely problems facing the
clearing system in the banking industry?
iv. How does Clearing affect the services
provided by CBN?
v.What are the effects of clearing system
on the Nigeria
economy?
vi. What are the challenges of the Nigeria
Automated Clearing System?
1.3 OBJECTIVES OF THE STUDY
Since banking operation is the nerve centre of the whole
Clearing System. The purpose f this research is focus on how to find a suitable
and easy way of coordinating on the activities of all other sector within the
system so that the services provided by the banking operation (Clearing System)
would be made accessible to the client and operating in general will be
improved.
Therefore, the research proposed is focus on the critical
appraisal of the Clearing System in Nigeria Banking Clearing System (NACS).
The Objectives of the study includes the following;
1. To discuss the historical background of
the case study
2. To examine the problems associated with
the manual based system
3. To discuss the Nigeria Automated
Clearing System (NACS)
4. To highlights the aims and objectives
of the Nigeria Automated Clearing System (NACS)
5. To examine the participant of the Nigeria
Automated Clearing System
6. To examine the problem and challenges
of Nigeria Automated Cheque Clearing System
7. To maintain and enforce the standard
for clearing procedures.
8. To examine the introduction of
Automated Clearing System in Nigeria.
9. To critically examine the likely
problems for Automated Clearing System in Nigeria.
1.4 RESEARCH HYPOTHESIS (H0,H1)
H0;
Efficient Clearing System do not improve banks service delivery.
H1:
Efficient Clearing System do improve banks service delivery.
1.4 SCOPE OF STUDY
This research focuses on the effect of clearing service in Nigeria banking
industry with special emphasis on Central Bank Nigeria (CBN).
The research is constrained by insufficient finance and lack
of time. However, effort was made to ensure that the above constrains and
Limitation do not affect the effective completion of the research work. The
researcher is making use of both the primary and secondary sources of
information gathering.
1.5 DEFINITION OF KEY TERMS
CRITICAL
APPRAISAL
Is the transformation or benefit, it has brought to the
clearing system in Nigeria.
It can be used to examine the problems associated with the payment system. It
is used to find fault with someone.
CLEARING
It has been consulted in order to know the liability of its
introduction in Nigeria,
the problem of the member base on clearing system which consequently to the
introduction of the clearing system. It is also a piece of land cleared.
SYSTEM
Is an arrangement of many parts that work together, it is
also a way of organizing something according to certain ideas.
BANKING
INDUSTRY
It is a place where business transactions takes place, it is
also a place where people keep their money and valuable items like Gold and
certificate, and also a place where money is lent or exchanged and a place
where things are stored for use at a later date, a bank can also be define as
an organization whose principal operation are concern with the accumulation of
temporarily idle money of the general public for the purpose of advantage to others
for expenditure. And also people that work in the bank are known as bank
official or bank workers. Banker can be defined as a body of persons whether
incorporated or not who carry out the business of banking. A banker is also a
dealer in capital or more properly a dealer in money.
1.6 PLAN OF STUDY
The study is divided into five chapters, the contents are as
follows;
Chapter
one contains the introduction and background of the work.
Chapter
two contains the review of literature on the research topic.
Chapter three contains the research methodology and methods
of data gathering and analysis
Chapter
four contains data presentation interpretation as well.
Chapter
five focuses on the summary, conclusion and recommendations.
Click “DOWNLOAD NOW” below to get the complete Projects
FOR QUICK HELP CHAT WITH US NOW!
+(234) 0814 780 1594
Buyers has the right to create
dispute within seven (7) days of purchase for 100% refund request when
you experience issue with the file received.
Dispute can only be created when
you receive a corrupt file, a wrong file or irregularities in the table of
contents and content of the file you received.
ProjectShelve.com shall either
provide the appropriate file within 48hrs or
send refund excluding your bank transaction charges. Term and
Conditions are applied.
Buyers are expected to confirm
that the material you are paying for is available on our website
ProjectShelve.com and you have selected the right material, you have also gone
through the preliminary pages and it interests you before payment. DO NOT MAKE
BANK PAYMENT IF YOUR TOPIC IS NOT ON THE WEBSITE.
In case of payment for a
material not available on ProjectShelve.com, the management of
ProjectShelve.com has the right to keep your money until you send a topic that
is available on our website within 48 hours.
You cannot change topic after
receiving material of the topic you ordered and paid for.
Login To Comment