THE EFFECT OF LEASING ON THE FINANCIAL PERFORMANCE OF LISTED OIL & GAS COMPANIES IN NIGERIA.

This study evaluated the financial performance of businesses and lease finance. Its goal was to investigate how lease finance affected the oil and gas businesses in Nigeria's financial performance, which was determined by Return on Asset (ROA). The study's data came from the annual reports and accounts of six selected firms in the Nigerian oil and gas sector that finance leases and were listed by January 2013 on the Nigerian Stock Exchange (NSE). An investigation of the impact of lease financing on return on assets (ROA) is conducted using robust OLS regression. The study's findings showed that lease financing significantly affects Nigerian oil and gas businesses' return on assets (ROA). Consequently, the study suggests that businesses should embrace lease financing as a method of financing their operations as proof suggests that value is added over the use of lease financing.