Marketing is a new phenomenon in the Nigerian banking sector.  Banks in general were slow in embracing the marketing concept. Prior to 1986 banks were practicing armchair banking with little innovation.  But with the advent of SAP (Structural Adjusted Programme) in 1986, the entire economy was liberalized and many new banks came into existence. Consequently, the banking environment became very competitive and banks have no option than to imbibe in marketing philosophy. In carrying out this research study, an attempt has been made to find out and establish the relationship between three important aspects of bank marketing, namely, marketing efforts, product innovation quality of service, and its effect on customer patronage. These innovative services of the bank have largely helped in retaining existing customers and also creating potential customers.




The world economy faces many challenges that test every nation’s ability to meet the demands of a global marketplace.  In response to and as a reflection of this development, the Nigerian economy is advancing and meaningful, the component industries and sector of the economy must in consonance respond to the same challenges. The Nigerian banking industry is one of such industries undergoing the greatest challenges today.

The liberalization of the licensing of a new financial institution gave birth to new banks and non-bank financial institutions. This proliferation presents a special challenge, which has led to keen competition in the banking industry. Another challenge comes from the technological environment.  Electronic banking has posed a great challenge, especially to the older banks because of their size and location of their rural branches where there are no facilities. All these abound with the availability of differentiated products indicate to an extent the most competitive period in the Nigerian banking strategies, an increase in the quality of bank services, though under a restrictive monetary policy regime.  

1.2    STATEMENT OF PROBLEM            

Banking has now become a large and complex service industry, thereby making the task of identifying the changing needs of customers as complex as the marketing task in the product industries.  Due to the rapid changes in customer needs and the business environment, the continued success of a bank will depend on its ability to respond rapidly and correctly to the changing environment and provide the broadest range of profitable financial services to the greatest number of people.  It is therefore imperative that banks should thoroughly appreciate the importance of marketing philosophy in forming an integral part of the corporate objectives of banks.            

Gone are the days, when banks waited for business, the banks now have to look for the services they can offer and go out of their way to approach the client to whom such services are sold.  They must take pains to study the potential customer requirement before approaching them and the services must be offered with maximum satisfaction to existing and potential customers. This is no doubt a revolution, a transition from passive and quiet banking to active and aggressive banking.  

1.3    OBJECTIVES OF THE STUDY           

The primary objective of this study is to identify the relevance of the marketing concept (marketing strategies, mix, and importance of quality) to the banking services in Nigeria. Specifically, it is intended to determine.

(i)      The significant relationship between marketing efforts adopted by the bank and customers patronage.

(ii)     The significant relationship between product innovation and customer patronage.

(iii)    To identify the effect of quality of services on customer patronage.  


Banking occupies a central place in a nation’s financial system, and it is an essential process for the growth of the national economy across the world today, concurrent forces of regulatory reforms, intense competition, and technological advancement have pushed banks into new and unfamiliar directions. In Nigeria, the banking industry is undergoing the greatest challenges today.  These challenges can be closely associated with the adoption of the Structural Adjustment Programme (SAP) aimed at improving the health of the nation’s economy.

Essentially; an attempt is being made to reduce the size of the government expenditure while economic prices are to be determined increasingly by market forces of demand and supply. As part of these programs, the financial system of which the banking sector is predominant was liberalized.  This came in two major respects viz, market-entry liberalization and deregulation of interest created.  As a consequence, the number of banks has skyrocketed from 40 in 1985 to 50 at the end of 1996.  Various policies were put in place to ensure public interest.  However, they resulted in a myriad of specialized banking programs. From the scenario described above, the result is cutthroat competition among the banks.  This has therefore placed the customers in their rightful position as “kings”.  This has led banks, in general, to be very innovative in services and purposeful in management. With an increasing number of commercial banks, “the new challenges of emerging services” and the activities of legalized bureau-de-change.  All these abounding with the availability of differentiated products indicates to an extent the most competitive period in the Nigerian banking industry.  Thus, banks are compelled to get engaged in strong marketing strategies, an increase in the quality of bank services, though under a restrictive monetary policy regime.

Many banks are also becoming financial supermarkets offering a diverse range of financial services and many others are involved in the trade of exotic financial instruments with a significant tendency away from orthodox banking. So far, in this era of deregulation, one significant consequence of the financial liberalization policy is the high spate of competition which was brought about by the considerable physical expansion in the banking industry, has meant that banks be highly innovative and aggressive in all facets of finance.  The seller’s market in which banks operated neither to and which could be backed up by highly conservative doctrines has now changed into a buyers market requiring new concepts, ideas, and orientations in the field of bank marketing to attract new customers and retain existing ones. A result of the fact that banks are now “market-driven” as discuss above has made this study very necessary.    

1.5       SCOPE OF STUDY

The research is limited to the commercial banking sector, specifically; this research word is a case study of the UNION BANK OF NIGERIA PLC, with emphasis on the branches in Kwara and Lagos states. This study will seek to meet the set objectives.


A study of this nature cannot be devoid of one problem or the other, and thus the researcher is expected to face few problems especially during the course of data collection. The first anticipated problem is that some respondent may not return their questionnaires. Also, responses to the questions might not necessarily represent the opinion of the respondents. Secondly, some of the interviewers may be reluctant to answer questions because of the fear that their answers might have a negative effect on the bank. Thirdly, time and finance constraints are other expected problems. However, I will try to reach out to many respondents and I will try to educate them, on the purpose of the research project.  


This research study is to attempt to illustrate and evaluate the extent of bank marketing in Union Bank of Nigeria PLC and the effect on its customer patronage, in this competitive banking environment.

Ho1: There is no significant relationship between Union Bank’s marketing efforts and their customer’s patronage.

Ho2: There is no significant relationship between Union Bank’s product innovation and their customer’s attitude towards the bank.

Ho3: There is no significant relationship between the quality of services rendered by Union Bank and the frequency of customer’s transactions with the bank.

The research population used, consisted of customers of the branches in Kwara and Lagos states of Union Bank (Nigeria) PLC. A total sample of one thousand, one hundred and twenty customers are to be used.  Thus, the method of data collection will be by questionnaire. The nature of the research called for the testing of some hypothesis and it, therefore, calls for analysis to be made, and the use of some statistical tools such as:

1)      The chi-square test

2)      The simple percentage analysis.

Findings from the results of the hypothesis and research questions should be to show:-

(i)      The extent to which Union Bank of Nigeria PLC was able to survive as a result of new product development.

(ii)     The extent to which the quality of services rendered has a positive impact on the customers and also a positive effect on the profitability of the bank. Of what benefit is the introduction of computers to the quality of services rendered by the banks.




RESEARCHWAP.ORG is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • " is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • " is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing