This study reviewed the concept of electronic banking (e banking), examined its prospects for Nigerian banks and discussed associated risks. It discovered that the increased application of e banking worldwide is a function of improvement in information and communications technology (ICT). E banking, it also observed, holds enormous potentials for the banking industry in Nigeria. To achieve these potentials, the paper advocated engendering confidence in the e banking mechanism by addressing security concerns and providing necessary infrastructure like steady electric power supply.
Key words: Eectronic banking, Concepts, Challenges, Prospects