TABLE OF CONTENTCHAPTER ONE1.0       Introduction

1.1              Background of the study

1.2              Objective of the study

1.3              Significance of the study

1.4              Limitation of the study

1.5              Definition terms

CHAPTER TWO2.0       Review of related literature

CHAPTER THREE3.0       Research design and methodology

3.1       Source of data

3.2       Location of data

3.3       Method of data collection

CHAPTER FOUR4.0       Findings

CHAPTER FIVE5.0       Recommendation and conclusion

CHAPTER ONE1.0       INTRODUCTION

1.1       BACKGROUND TO THE STUDY

According to Akngbola (2000:7) there is no gain saying that  the concept of universal banking has gained more  currency that any other issue and has also shot up to the front burner of national economic discourse particularly in banking circle in the last one decade exigencies market dynamics and trends in international money market has led to the approval and re-examination of the of the structure scope functions of banking institutions in the country.

Okehi (2000:16) however went further to say what until about a decade ago, no definite well assembled and articulated positions were made for universal banking due largely to the prevalence of conducive macro- economic environment for  the  continued  demarcation of the functions of retail and investment banks, however the faltering of the economic attendant inclement operating environment for banks.  The perceived absence of a level playing field between retail and investment banks and the recent harmonization of the equity of all banks have collectively awoken and driven the present call for the establishment of a new banking order where all banks are treated as equal.

1.2              STATEMENT OF THE PROBLEM

As Okoro (200:2) observed through the knowledge of the principle and guide lines of economic policies clear evaluation of  their implication are most fundamental to their successful implementation and  operation.  This basic truth also hold true for the banking industry unfortunately the implication of these policies on the economy are not always evaluated before being implemented. The out come of such carefree attitude have also spelt disaster on the economy.

In view of the above this study therefore seeks to investigate the implication of universal banking introduced by CBN. The study will address the problem by attempting to answer some questions as will be seen in this study

1.3              OBJECTIVE OF THE STUDY

This research study seeks to investigate the principles and guideline of the universal banking scheme envisaged fro Nigeria and the banking industry and the economy at large.

1.4              SIGNIFICANCE OF THE STUDY

Proper implementation of universal banking system in Nigeria is very vital toa.                   The promotion of efficiency through economy of scale and scope.

b.                  The fostering of healthy competition  and better service delivery.

This study is therefore justified  on the ground that it seeks to evaluate their likely effectiveness efficiency and possible advantage that will occur to the economy.  Also the finding of the study would assists in suggesting ways of implementing the guideline spelt out by central bank of Nigeria.

1.5              DEFINITION FOR TERMS

This data to be used for the purpose of this study comes form two sources these sources are:

a.                   Primary data

b.                  Secondary data

PRIMARY DATA:  This primary data will be gathered form the following sources.

1.         Questionnaires

2.         Observation

3.         Oral interview.

SECONDARY DATA:        The secondary data will be gathered form these sources:

1.         Books sources

2.         Business magazines

3.         Newspapers..