TRIPLE BOTTOM LINE REPORTING AND FINANCIAL PERFORMANCE OF LISTED OIL AND GAS FIRMS IN NIGERIA

Authors

  • Okewu Victor Enokela Faculty of Management Sciences, Prince Abubkar Audu University, Anyigba
  • Adeleye Tope James Department of Accounting Confluence University of Science and Technology (CUSTECH), Osara, Okene. Kogi State.

Keywords:

Economic Disclosure, Social Disclosure, Environmental Disclosure, Return on Asset

Abstract

This study looked at the financial performance and triple bottom line reporting of Nigerian 
listed oil and gas companies. The study adopted ex-post facto research design and the 
population constituted of the ten (10) listed oil and gas firms on the Exchange Group for 
Nigeria (NGX Group) as at 31st December 2023 and seven (7) sample size consisted of listed 
oil and gas companies. While purposive sampling technique was employed, the study found 
that the return on assets of Nigerian listed oil and gas companies is marginally impacted 
negatively by economic disclosure (ECD). While both social disclosure and environmental 
disclosure have an insignificant negative effect on return on asset of listed oil and gas 
companies in Nigeria. The study recommended that Nigerian oil and gas firms that are 
mentioned should prioritize disclosing more environmental data since it can enhance their 
financial results. This can be accomplished by properly and accurately reporting their 
environmental data, as it has a substantial effect on financial success. Firms should also place 
more of an emphasis on disclosing their environmental problems because doing so can boost 
their bottom line. 

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Published

2025-05-26

Issue

Vol. 22 No. 1 (2025): Journal of Economic Studies (JES) Department of Economics, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria.

Section

Articles