ABSTRACT
Private Banking practice is a relatively new concept in Nigeria. The Nigerian bankers culture of hospitality (not necessarily service) towards affluent persons can be said to be the genesis of personalized banking service. From the establishment of Standard Bank (now First Bank) in 1894, bank managers and staffers have been known to extend special courtesies to their good customers, be they colonial masters, magistrates, headmasters or church ministers.
This project seek to examine the subject of Private Banking, its origin, evolution and practice both in its global context and Nigeria application, suggestions and recommendations with reasonable limits as to the viability of further improvement of Private Banking business in Nigeria.
