Abstract

The exploration was carried out to determine the effect of perpetuity financial reporting practices on performance of planned energy conglomerates in Nigeria. It was aimed at knowing how answerable planned energy conglomerates in Nigeria are interrelating with the general public and environment where their dealings are carried out. The exploration made use of secondary data gotten from yearly reports of the planned energy conglomerates under investigation. The data collected were analyzed using multiple regression analysis. The results of analysis revealed that economic performance disclosure and environmental performance disclosure as perpetuity financial reporting practices have no significant effect on return on asset whereas social performance disclosure has significant effect on planned energy conglomerates’ performance. Founded on the findings, it was suggested that mandatory reporting framework should be put in place for planned energy conglomerates in the Nigerian stock exchange to boost perpetuity reporting practices by these conglomerates.