External Auditor’s report serves as an assurance to the investing shareholders/ public on the credibility of the financial statement presented by listed companies as investors are assumed to be rational in pursuing their wealth maximizing objective. In the light of this, the study examined the effect of audit quality on share performance in listed Nigeria Deposit Money Banks (DMBs). Share performance was measured by market price per share while audit quality was measured by audit compensation, audit tenure and auditor’s independence. The study used secondary data which was obtained from 12 sampled DMBs for a period of 10 years covering 2012 to 2021. Expost-facto research design was used and purposive sampling technique was utilized in the selection of the sample size. The study adopted fixed effect regressions as tool for analysis and testing of hypotheses. The result showed that audit compensation has a negative and significant effect on share performance of DMBs in Nigeria, audit tenure has an insignificant influence on share performance of DMBs in Nigeria, while auditor’s independence has positive and significant impact on share performance of DMBs in Nigeria. The study concludes that audit audit quality improves share performance of DMBs in Nigeria. The study therefore recommends that auditors should be fully independent when discharging their audit assignments to the banks.