IMPACT OF CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCEOF NIGERIAN BANKS

ABSTRACT This research work examines the impact of corporate governance on the Nigerian banks’ financial performance. The study covers all the banks listed on the Nigerian stock market. The study used chi square technique to analyze the result. The study showed that x2- calculated is greater than x2 – tabulated indicating that all the variables have positive impact on the Nigerian banks’ financial performance. The research used both primary and secondary sources of data collection it was discovered that corporate governance has a great impact to take in maximizing the bank’s financial performance, but the important aspect of it how this corporate governance is going to be managed in order to gain its effectiveness on banks’ performance and banking operation in general. Base on the questionnaire distributed it was discovered that 90% of respondent agreed that corporate governance as a great impact in ensuring bank performance also central Bank has significant grow to play be for this can assured. All the non-hypotheses stated in chapter one were tested and the result were positive, confirming that there is significant impact of corporate governance on Nigerian banks’ financial performance. Keywords: Corporate governance, board size, board composition, corporate tax