Vivian Oghenerukevwe ESIEVOADJE

This study investigates the impact of board characteristics- board size, board gender diversity, board independence, and board compensation- on firm financial performance among non-financial and non-oil and gas firms listed on the Nigerian Exchange Group (NGX). Using panel data from 78 firms over the period 2020 to 2024, the study employs descriptive statistics, correlation analysis, and panel regression techniques to analyze these relationships. The findings reveal that board gender diversity positively and significantly influences firm financial performance, while board size negatively affects performance. Net profit showed inconsistent effects, and board independence and compensation were not statistically significant predictors. The study recommends promoting gender diversity and optimizing board size to enhance firm performance. These results contribute to understanding corporate governance’s role in improving financial outcomes in the Nigerian business environment and provide guidance for regulators, firms, and stakeholders aiming to strengthen board effectiveness