The research analyzed the influence of liquidity risk and inflation rate on the financial performance of Nigeria's listed Deposit Money Banks for ten years, 2009-2019. Using the ex-post facto research approach to secondary data, a sample size of 12 deposit money institutions that were publicly traded on the Nigerian Stock Exchange was selected. Panel regression analysis indicated that liquidity risk has no substantial impact on return on equity. Furthermore, the rate of inflation had no significant moderating influence on the link between liquidity risk and deposit money bank financial performance. The research concluded that commercial banks should place greater emphasis on other external environmental forces such as GDP, interest rates, and other aspects of commercial banking that may have substantial effects on corporate performance.
