In this project research study (work) is a very crucial study for the Nigerian Commercial Banks, this study was actually motivated by the necessity of effects of development of new consumer credit products in Nigeria commercial banks. To solve the research problem, both primary and secondary data were collected.  The research instrument used in collecting data were interview and questionnaire, the respondents were bank staff and some bank customers of the user of the product. The population and population sample is 50 and 40.  Also in organizing and presenting data collected, tables, frequencies, charts and percentages were used.  The various hypothesis were tested using the chi-square.  Data analysis and interpretation gave the following findings:- The problems encounterable in the process of product development have effects on the commercial banks. The consumer credit products of commercial banks in Nigeria have not been satisfying their customers’ needs. The education of customer on the usage of products and their level of awareness has effect on the bank’s credit products development. Based on the findings, the researcher recommends that: The management of our commercial banks should try as much as possible to equip their research and development department and for those that have not, they should try to establish one.  There should be increase in product awareness mechanisms such as good adverts, seminars for bank customers on product usage by the bank customers etc. These should be a good research before embarking on a new product development. In conclusion of the whole matter, one commercial banks customers credit products have not been satisfying their customers’ needs but if improved at an appealing price will satisfy their customers’ needs.

TABLE OF CONTENTS           
CHAPTER 1:      INTRODUCTION
Background of the Study
Statement of Problem
Purpose of the Study
Definition of Terms

CHAPTER 2: REVIEW OF RELATED LITERATURE
Definition of new Consumer Credit Products
Some of the Nigerian commercial banks services (products)
Intercontinental bank products and services and credit products
Problems of financial services marketing of Nigerian
Commercial banks’ new consumer credit products
Effect of the new consumer credit products in Nigeria
Commercial banks
Ways of improving marketing banks financial services (products)
Marketing mix As A Tool To Influence Target Market On Consumer
Credit Products in Banks                
Pricing and product cycle      
Reasons for customers dissatisfaction with Nigerian
Commercial banks
CHAPTER 3:      RESEARCH DESIGN AND METHODOLOGY
Research Design
Area of Study
Population
Sources of Data Collection
Secondary Data
Sample and Sampling Techniques
Method of Investigation: Method of Data Presentation
CHAPTER 4: DATA PRESENTATION AND ANALYSIS
Data Presentation
Analysis Presentation
CHAPTER 5:           FINDING, CONCLUSION AND RECOMMENDATION
Summary of Findings
Recommendation
Conclusion
Bibliography
Appendix   -        Letter of Introduction
Designed Interview Questionnaire

CHAPTER ONE
 INTRODUCTION
Background of Study
As far back as 1892 when banking started in Nigeria, the need for the development of new consumer credit products was not much needed as few banks then were in operation.  But as of 1986 when the Structural Adjustment Programme (SAP) was introduced by the federal government of Nigeria a new era characterized by deregulation of the banking system took place.  Worse still, deregulation gave room for the formation and licensing of numerous new command and merchant banks.  This however brought what we call aggressive competition among the commercial banks, which finally led to the introduction of new consumer credit products in the Nigeria commercial banks.

As this new face of change took place, the only way out is to map out strategies for new credit products in order to retain customers satisfaction and their stay, the only way out is to introduce new products changes in the market, a bank is enable to;
i.                   Keep its old customers
ii.                 Attract new customers
iii.              Lesson its risks
iv.              Be strong to face competition
v.                 Building up and broaden its corporate image
vi.              Utilize some idle resources and waste material
vii.            Increase consumers selecting and satisfaction and
viii.         Increase its revenue base for consequent profitability and growth.

This research work is aimed at identifying the consumer and its products available in Nigeria commercial banks, how they could be developed, to know some of the task of marketing management of new consumer credit product to the Nigeria commercial banks, to find some of the bank marketing management philosophies/concepts that will help conduct their new consumer credit products activities, taking intercontinental bank Plc as a case of study.

Statement of Problem
Commercial banks in Nigeria have been introducing new brand of consumer credit products to enhance effective banking service.  Each month that comes is followed by wonderful consumer credit product in Nigeria commercial banks.  Despite this, customers are not yet satisfied with the credit products introduced in the financial market.  Also, many people (customers) don’t have knowledge of some of all these old consumer credit product and still, new ones are been introduced, more still, those that have the knowledge of such existing ones don’t patronize them.  What are the main reasons why people don’t pass such new credit products despite all these innovations?

Purpose of the Study
This work titled “an appraisal of the new consumer credit products in the Nigerian commercial banks: a case study of intercontinental bank plc” has the purpose of critically and positively assessing the impacts of the development of consumer credit products in the Nigeria Commercial Banks, in order to properly fulfill this main purpose, this paper has the following objectives they are as follows:
a.                 To identify the difficulties encountered in the process of produced development in commercial banks.
b.                 To determine whether bank customers are really satisfied with the banks’ product or not and why? (Product quality).
c.                  To find out the best ways to educate the customers on the use of the bank credit products and the best way to create awareness of the existence of such products.
d.                 To identify the best way the banks consumers credit products market could be segmented for a fruitful venture.
e.                  To equally offer possible solution or suggestions addressable to such problems and or make recommendations that may lead to better banks customer relationship.

Transforming the above objective in 1.2 into research questions we can have in the resource question are as follows:
a.                 Have commercial bank credit products been satisfying their customer’s needs?
b.                 Do the difficulties encountered in the process of products development have any effect in Nigerian Commercial Banks?
c.                  Do customer education on the usage and level of awareness has any effect on the consumer credit products.
d.                 Does improper market segmentation of the new consumer credit products have effect to the marketability?

Significance of the Study

Hypothesis Formulation
A hypothesis is an intelligent guess, the following are my research hypothesis based on my research topic which says “An Appraisal of the new consumer credit products in the Nigerian commercial banks” a case study of intercontinental bank plc.
The commercial banks new credit products have not been satisfying their customer’s needs.
The commercial banks new credit products have been satisfying their customer’s needs.
Bank:         An organization or place that provides a financial service.
Deregulation:      The systematic dismantling of regulatory controls and operational guideline which were considered to have hindered orderly and      systematic growth of banks in Nigeria.
Customer credit products:     This refers to any service which the bank can offer to the customers for consumption.
Financial services:         These refer to the various services rendered by the operators in the financial markets.
SAP: Making alternation of adjustment on how things have been before
Product development:  This is the conversion of the idea on paper into physical product with need satisfying attributes.
Marketing mix:   This is one of the memories used by marketing people to remind themselves of the marketing variables which they use in implementing their marketing decisions.
Hypothesis:         A hypothesis is an intelligent guess of solution to the research problem.
Null Hypothesis:  It posits that “no difference” or relationship exist between two variables.
Alternative Hypothesis:          It posits that difference or relationship exist between two variables.
Protocol:     A system of rule governing formal occasions.
Fund: A sum of money saved or made available for a particular project, objective or purpose.