This project work examines the meaning of interest, the effects of interest on Nigeria Banking Industries and other related aspects interest rate.It is also focuses on the effect of interest rates on United Bank for Africa and in order to develop a project work like this, certain research methodologies and techniques, were employed and it was concluded that interest rates has a great effects (negative or positive) on the Banking Industry in Nigeria. 


Title page i

Certification ii

Dedication iii

Acknowledgement iv

Abstract v

Table of Content vi-viii


1.0 Introduction 1

1.1 The Purpose of the Study 1

1.2 The Scope of the Study 1-2

1.3 The Significance of the Study 2

1.4 The Limitation of the Study 2-3


2.0 Literature Review 3

2.1 Definition of Terms 4-5

2.2    Evaluations and Structure of Banking Institution 

in Nigeria Evolution 5-9

2.3 Reason for Deregulation Interest Rates by the Central Bank 9-11

2.4 The Effects of the Interest Rate 11

2.5 The Importance of Interest Rates Regulations

to Nigeria Economy 12-13

2.6    Historical Aspect of United Bank for Africa 13-14


3.0 Research Methodology 15

3.1    Introduction 15

3.2    Source of Data Collection 15-16

3.3 Questionnaire Design 16-17

3.4    Method of Data Analysis 17-18

3.5    Method of Data Presentation 18


4.0 Data Analysis and Interpretation 19

4.1      Introduction 19-31


5.0 Summaries, Conclusion and Recommendation 32

5.1 Summary 32-33

5.2 Conclusion 33

5.3 Recommendation 33-34

References 35



Central bank of Nigeria (CBN) as a bank to the Government has so many role to play in an economy. One of the important roles of central bank is the control and regulation of interest rate on banks. The deregulation of interest rates on banks in Nigeria and its effects is the subject matter of this study.

Thus, this chapter cover the general principles of interest rates with emphasis on purpose of the study, scope of the study, significance of the study, limitation of the study and definition of terms.


The purpose of the study is to examine how the central bank of Nigeria (CBN) regulates the interest rate and to know the specific effects of the interest deregulation in Nigeria banking industries. Looking at United Bank for Africa(UBA), we are drawing information from their activities and this enable us to know the specific interest rates deregulation in Nigeria Banking industries.


The scope of the study is primarily to highlight the effect of interest rates deregulate which intends to cover the following target are:

i. Central bank as a body controlling or deregulating interest rates.

ii. Activities of united bank for Africa on which interest are chargeable.

iii.General bank accounts and credits, which are also liable interest rate.

iv. How the deregulation has affected the banks and particularly united bank for Africa (UBA) where we are testing our hypothesis.

v. Various journals and publications.

We hope to use some statistical method to obtain relevant  information from the said Targeted Bank UBA, also, we used primary source of information in which we have questionnaires and personal interview of relevant literature textbook, magazines periodical and newspapers for proper presentation.


This will reveal the importance of the research work, its benefit end contributions in the provision of the subject matter. This study is set out to find the interest rates deregulation in banking industries. Despite the control of central bank of Nigeria (CBN) in banking sectors, it could still be seen that interest rate in banking industries are weakened all the while.


Since all area of human endeavour are characterized by some limiting factors and a research effect of this nature is therefore no exception. Therefore the major constraints of there research work are:

i. TIME:It is indeed pertinent that we have a very little time within our reach. Therefore we need to manage the source we could quickly lay our hands upon so as to be able to finish the work within the allocated time.

ii. FINANCIAL CONTRANT: The writer of the project would have loved to cover wider but this is not possible due to the limited amount of money we gave with us. We spent all we could to our hands upon to put the work through.

iii. OTHER LOGICAL REASONS: This are some other reasons which made us limit our research tothis area we have mentioned. For example, it is not easy to go through out the nation to source information and also the widespread of various banks we have.

Finally, we hope that at the end of reading this project work, the reader must have been well acquainted with what is know as interest rate deregulation in bank its effects on Nigeria banks and how the banks operate under the banking system.




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