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The study looks at positioning of bank service in a competitive environment like Nigeria. Positioning was examined from the various definitions in the literature and the major components and strategies of positioning were discussed. The bank service in Nigeria was seen to be best positioned through non-functional and functional benefits. The non-functional benefits involve the bank's corporate identity and brand image, this were seen to be well suited for old banks with high public acceptance,doi:10.5539/ijbm.v5n8p146 fatcat:sdqbykun7zcflibwuec67glzaq