- The Complete Research Material is averagely 82 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦7,000
Get the complete project »

INTRODUCTION
1.1 Background of the Study
Public Relations could be looked at from a variety of perspectives. The perspective that is emphasized at any point in time will reflect the orientations of the people involved and the uses they want to put it into. But in doing so, there are some universally accepted angles from which we can look at the issues at hand. To that extent, the British Institute of Public Relations (1982) defines public relations as the planned and sustained effort to establish and maintain goodwill and mutual understanding between an organization and its public.
A critical look at this definition will communicate the deliberate nature of public relations practice. It is not done in a haphazard manner. One must think through what is desired and choose methods carefully, making sure that systematic approaches and solutions that best suit the circumstance are built into the system, in order to increase capacity to produce excellent results in efficient manner. Furthermore, thedefinition reveals that this job is not meant for lazy people who lack sense of continuity. It is a continual exercise employing a variety in an effort to avoid any gap in communication. The emphasis here is sustenance of good corporate image as applicable to the banking industry.
10
The banking industry has a very large public that spreads across various segments of the society. This public includes other corporate bodies, organizations, personalities and communities. It is also an established truth that the banking industry embodies commercial, industrial, cooperative and lately, community banking. Since banks render financial services to their customers, it is necessary to sustain their customers trust, satisfaction, commitment and good customer relationship on daily basis through good public relations services. Huge financial resources of customers are usually committed to the coffers of the banks. Customers have diverse reasons for trying to remain with banks of their choice, where they can do business on a continuous and sustainable basis. This is the reason why banks do create competent public relations departments to take care of their image.
The breakdown of communication creates loopholes that can nourish avoidable problems. The definition by the British institute of Public Relations further exposed the fact that public relations is result orientated, and normally focuses on the achievement of a robust reputation and good image, made possible by free flow of information. It removes the problems that can be induced by ignorance and rumour mill. In other words, when public relations are applied effectively, it brings about two-way communications that result in the organization
11
being understood by its public while 1t also understands them through the feedback they receive.
Theaker A. (2004) opined that managing corporate image is about identifying the right image for an organization and communicating it effectively. John F. (2003) emphasized that levels of trust are declining world-wide and surveys have pointed out that trust is lowest in national legislative bodies, financial institutions and large corporate bodies.
Balmer et al (2003) acknowledged the cardinal importance of corporate communication, image and branding to a contemporary organization since image is a powerfuldriver in the consumer decision. The importance of building and sustaining a corporate image with social initiations is good and beneficial to growth and good governance if the organization commits them to its cause of corporate achievement. All these thoughts are relevant to the concept of public relations as a discipline especially at a time like this when the banking industry is struggling with image problem, sustainability and challenges of capitalization. Public relations ought to build this sustainable good corporate image in the banking industry in Nigeria as a matter of urgency and sense of responsibility.
12
1.2 Statement of the Problem
The present image crisis in the banking sector is one that should be given utmost consideration. This is because virtually everyone has one relationship or the other with the banks. In 2005, during President Olusegun Obasanjo’s second term in office, a bold step was taken to reform the banking sector through the regulatory authorities supervised by Prof. Chukwuma Soludo, the then Governor of Central Bank. Before this period, there were myriads of malpractices andunconventional acts meted by the sector. Some of these acts sometimes have embarrassed the federal government of Nigeria at various times. Before 2005, over twenty six banks were liquidated while billions of investor’s funds were lost in the process without any one prosecuting the defaulters. This created bad image and mistrust for the entire banking sector in Nigeria.
A good number of them failed to settle outstanding liabilities or to account for their misdeeds. Some of the banks were mere family ventures that existed to trade on interbank instruments and were deeply involved in foreign exchange round-tripping which put considerable pressure on dollar-naira exchange rates. Some interbank placements were written off as bad and unrecoverable in spite of the continued existence of the debtor banks. Loans and advances were given out to friends and associates without reasonable appraisals and these went badly.
13
Politicians used depositors’ funds in their banks for campaigns and never paid back, leading to the collapse of some of them.
The above stated problems led to the crisis in the banking industry which brought about the banking reforms of 2005, which were aimed at bringing sanity to the sector and as part of a policy to squeeze weak or failing banks out of business through the CBN’s increase in capital requirement to 25 billion naira. It was an exercise that resulted in the reduction of Nigerians motley groups of mainly anemic 89 banks to 24 bigger, stronger and more resilient financial institutions.
In a bid to salvage the image of the sector, Mallam Sanusi L. Sanusi removed and prosecuted the bad CEOs and their Board members, and carried out the recapitalization of fragile banks, the establishment of Asset Management Company of Nigeria (AMCOM) to buy up bad Loans and to help recapitalize the distressed banks. The banks involved were Union Bank Plc, Oceanic Bank Plc, Fin Bank Plc, Intercontinental Bank Plc and Afri-Bank Plc. These banks had a combined toxic asset in excess of N2.2 trillion (CBN 2010).
This problem has severely dented the image of the banking industry and has created a sense of despondency among the various stakeholders and the public. Their publics have lostconfidence in their ability to perform their duties, and safeguard their interest and investment in the banks. Consequently, this has caused a lot of mixed feeling in the mind of
14
people especially the common people that have meager amount of deposit in these banks. Both the management and staff of those banks were also affected as their means of livelihood were stifled thereby pushing a lot of families into undue emotional set-backs which in turn have affected their children and society at large. This has left so many unanswered questions and doubts in the mind of people.
1.3 Objectives of the Study
The broad objective of this research is to investigate the serious issues of customers lack of trust in banks and restore the public confidence in the banking industry through public relations practice. To that extent, the specific objectives are as follows:
1. To examine the corporate image of the banking sector against public view;
2. To determine the publics’s trust and confidence in the Nigeria banking industry;
3. To evaluate the contributions of public relations practice as a means of communicating with the publics;
4. To determine relevant PR tools that could improve recapitalization policy and the image of the banking sector.
15
1.4 Research Questions
(1) Do the banks still possess sustainable corporate image after the crisis they faced?
(2) What is the publics trust and level of confidence pertaining to the Nigerian banking industry?
(3) How do public relations contribute to communication with thepublic?
(4) What are the relevant PR tools needed for improvement of recapitalization policy and the image of the banking sector?
1.5 Research Hypotheses
1. The banking industry does not possess good corporate image after the recapitalization policy of the CBN.
2. Public trust and confidence in the banking industry seems not to be high after the recapitalization exercise.
3. PR as a means of communication with the public have not contributed to the banking industry.
4. The capitalization policy of the CBN has not helped to restore publics’ interest in the banking industry.
1.6 Scope of the Study
This study covers the banking sector of Nigeria. It is as study into the application of PR in sustaining good corporate image in the banking
16
industry. It covers PR as a means of restoring corporate image, confidence and restoration of public trust in this degrading sector.
1.7 Significance of the Study
There are numerous benefits accruing to this study and that makes it very significant in every
You either get what you want or your money back. T&C Apply

You can find more project topics easily, just search
-
SIMILAR MARKETING FINAL YEAR PROJECT RESEARCH TOPICS
-
1. REACHING THE CONSUMER THROUGH EFFECTIVE DISTRIBUTION
» CHAPTER ONE 1.0 INTRODUCTION Distribution can be defined as the act of placing goods and services where they are needed or wanted. One school of thoug...Continue Reading »Item Type & Format: Project Material - Ms Word | 57 pages |
Instant Download | Chapter 1-5 | MARKETING DEPARTMENT
-
2. THE EFFECT OF PACKAGING ON SALES OF GOODS
» CHAPTER ONE 1.0 INTRODUCTION Packaging is a marketing tool and it is closely interwoven with the performance of marketing functions. It is concerned w...Continue Reading »Item Type & Format: Project Material - Ms Word | 65 pages |
Instant Download | Chapter 1-5 | MARKETING DEPARTMENT
-
3. MARKETING RESEARCH AS A TOOL FOR INCREASED PROFITABILITY IN SERVICE INDUSTRY (A CASE STUDY OF NICON INSURANCE COMPANY PLC)
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The basic reason for this study is to examine Marketing Research as a tool for increased profitab...Continue Reading »Item Type & Format: Project Material - Ms Word | 107 pages |
Instant Download | Chapter 1-5 | MARKETING DEPARTMENT
-
4. PROBLEMS AND PROSPECTS MARTETING OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA
» ABSTRACT The main purpose of this study is to identify the problems and prospects in marketing of small and medium enterprise in Enugu East Senatori...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | MARKETING DEPARTMENT
-
5. EFFECTS OF STANDARD COSTING ON THE PROFITABILITY OF MANUFACTURING COMPANIES (A CASE STUDY OF NIGERIAN BREWERIES PLC,AMA, UDI LOCAL GOVERNMENT OF E...
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The effect of standard of standard costing on profitability has been a problem to manufacturing c...Continue Reading »Item Type & Format: Project Material - Ms Word | 119 pages |
Instant Download | Chapter 1-5 | MARKETING DEPARTMENT
-
6. APPRAISAL OF THE IMPACT OF OPINION LEADERS IN INFORMATION DISSEMINATION
» ABSTRACT This project work reviews the concepts, measures, and strategies of two step flow of communication which is aimed at examining the impact of ...Continue Reading »Item Type & Format: Project Material - Ms Word | 70 pages |
Instant Download | Chapter 1-5 | MARKETING DEPARTMENT
-
7. CORPORATE ADVERTISING AS AN EFFECTING PROMOTIONAL TOOL IN THE MARKETING OF BANKING SERVICES (A CASE STUDY OF SELECTED COMMERCIAL BANK IN DELTA STATE)
» ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | MARKETING DEPARTMENT
-
8. CAUSES AND EFFECTS OF TAX EVASION AND AVOIDANCE ON THE ECONOMY (A CASE STUDY OF BOARD OF INTERNAL REVENUE IN ABIA STATE)
» ABSTRACT This study was on the causes and effect of Tax Evasion and Avoidance on the economy (Board of Internal Revenue in Abia State). The major obje...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | MARKETING DEPARTMENT
-
9. BUILDING RELATIONSHIP MARKETING THROUGH ONLINE MARKETING COMMUNICATION: A SURVEY OF RETAIL STORES IN ASABA
» CHAPTER ONE INTRODUCTION ​1.2. BACKGROUND OF THE STUDY For several years, a revolution in marketing communication has been developing, that is,...Continue Reading »Item Type & Format: Project Material - Ms Word | 92 pages |
Instant Download | Chapter 1-5 | MARKETING DEPARTMENT
-
10. THE IMPACT OF MARKETING STRATEGY IN NIGERIAN BANKING INDUSTRY (A CASE STUDY OF FIRST BANK NIGERIA PLC)
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND INFORMATION Marketing is the process of planning and executing the conception, pricing, promotion and distribu...Continue Reading »Item Type & Format: Project Material - Ms Word | 127 pages |
Instant Download | Chapter 1-5 | MARKETING DEPARTMENT