RISK GOVERNANCE AND FIRM VALUE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

This study investigates the relationship between risk governance and firm value of listed deposit money banks in Nigeria with a focus on audit committee risk, technology risk, and board committee risk as key components of environmental reporting. The purpose of this research is to address the gap in literature concerning the relationship between risk governance practices and firm value within the Nigerian banking sector, where the majority of research on company value focus on international financial reporting standards (IFRS), corporate governance (CG), and the audit committee without giving enough thought to risk governance in Nigeria. This Study aims to assess the relationship between risk governance and firm value of listed deposit money banks in Nigeria. The study adopts an ex post facto research design, utilizing panel data from 22 manufacturing firms listed on the Nigerian Exchange Group over the period 2013–2022. Secondary data were obtained from the firms' annual reports and financial statement, The research focuses on three critical aspects of risk governance: audit committee risk, technology risk, and board committee risk, with firm value measured by Tobin's Q, Market capitalization is included as a control variable. The findings  indicate that technology risk has a significant positive impact on firm value suggesting that banks with better ICT governance experience higher market value. Conversely, board committee risk exhibits a significant negative effect on firm value,indicating that an increase in risk committee meetings could be perceived negatively by the marketAudit committee risk, however, did not show a statistically significant effect on firm value implying that variations in audit committee governance do not meaningfully influence the financial performance of Nigerian banks. The study contributes to the understanding of risk governance in emerging markets, specifically within Nigeria’s banking sector,