FINANCIAL PERFORMANCE OF QUOTED BANKS IN NIGERIA AND CORPORATE GOVERNANCE STRUCTURE

This study empirically examines the relationship between corporate governance structure and financial performance of banks in Nigeria, with particular emphasis on quoted banks. This study examines the impact of large board size on the financial performance of quoted bank in Nigeria. The research adopted a cross sectional analysis of the financial report of quoted banks on first tier security market of Nigeria stock exchange. Data used in the study was basically secondary data generated from the published annual report of the studied bank. One hypothesis was tested with the use of regression correlation. Result showed that large board size impacted negatively on firm's financial performance as a result of increase in agency cost. The study concludes that the result of this study implies that large board size impacted negatively on firm’s financial performance, as a result of increase in agency cost and recommended that quoted banks should endeavor to comply with CBN and other financial, monetary and regulatory guide line to enable them achieve the objective ofimproving the Return on Asset.