Research Objective: This study investigates the impact of corporate governance on the financial performance of listed oil and gas firms in Nigeria, focusing on two key factors: CEO Duality and Board Independence.
Methodology: The study used quantitative research methods, analysing data from publicly listed oil and gas companies in Nigeria. It examined corporate governance structures, financial performance metrics, and related variables. CEO duality refers to situations where the CEO also serves as the Board Chairman, while Board Independence relates to the inclusion of independent directors on the board.
Findings: The results show that both CEO Duality and Board Independence have a significant and positive influence on return on assets. This suggests that the presence of independent directors and the combined roles of CEO and Board Chairman positively affect the financial performance of oil and gas firms in Nigeria.
Conclusion: The study offers valuable insights for policymakers, investors, and stakeholders, emphasising the importance of strengthening corporate governance practices to enhance financial performance. It recommends promoting CEO duality and increasing board independence to achieve better outcomes in the sector.
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