ENVIRONMENTAL DISCLOSURE PRACTICES AND SUSTAINABLE PERFORMANCE IN THE OIL AND GAS SECTOR IN NIGERIA.

The study examined the impacts of environmental disclosures practices and sustainable performance in the oil and gas sector in Nigeria. Secondary data was retrieved from the corporate annual reports of the sampled companies. Descriptive statistics, ordinary lease square analysis, endogeneity test, fixed and random effect estimation, Hausman tests were all carried out. Regression tests such as normality, multicellinearity, heteroscedasticity and serial correlation were also carried out. The study revealed that profitability exerted a positive and statistically significant impact on environmental disclosure, leverage exerted a negative impact but statistically significant, company size has no significant impact. There is a significant moderating effect of foreign domestic ownership ratio on the relationship between firm size, leverage, financial performance and environmental disclosure. We therefore recommend that firms doing well financially should pay more attention to environmental reporting, firms irrespective of their leverage level should improve their environmental performance; both small and big firms should improve their environmental performance and that, the presence of more
foreign-domestic ownership will lead to more robust disclosures of environmental issues.