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The Company
The Daily Times of
Nigeria Plc was incorporated in Nigeria on 6th June
1925 as the Nigerian Printing & Publishing Company Limited by
the quartet of Messrs. V. R. Osborne, L. A. Archer, R. Burrow
and Adeyemo Alakija. The company started printing on June 1,
1926 with the publication title, ‘The Nigerian Daily Times’. The
principal business for which the company was established - ‘to carry on business as printers and publishers, advertising
agents and newsvendors of a Newspaper to be called The Nigerian
Daily Times, and any other newspapers, periodicals and
journals’.
By a special
resolution of the shareholders dated May 30, 1963, the name of
the company was changed to The Daily Times of Nigeria Limited (“DTN”). The organisation is
Nigeria’s premier newspaper company and one of the earliest to
be established in the African continent. In June 1963,
DTN became a public company with its shares listed on the
Nigerian Stock Exchange.
Between 1925 and 1947,
the ownership of DTN changed hands severally including the
acquisition in 1935 by Mr. R. B. Paul, a Liverpool businessman,
and that of Daily Mirror Group (DMG) in 1947. In 1963, the
gradual transfer of ownership of DTN to Nigerians commenced and
by March 31 1974, following the promulgation of the Nigerian
Enterprises Promotion Decree, DTN became a wholly owned Nigerian
company.
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