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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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