DAAR Communications plc is an independent

privately owned A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the company's stock is ...

broadcasting organization in

Nigeria Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea in the Atlantic Ocean to the south. It covers an area of . With Demographics of Nigeria, ...

. It was established on 31 August 1998, by Raymond Dokpesi. On 23 April 2007, it was converted into a public liability company. It pioneered

Africa Independent Television Africa Independent Television, also known by its acronym AIT, is a privately owned television broadcaster in Nigeria. It operates Free To Air in Nigeria as the largest privately operated terrestrial television network with stations in twenty-fou ...

(AIT), Ray power 100.5 FM Abuja and Raypower 100.5 FM. The company is listed on the

Nigerian Stock Exchange The Nigerian Stock Exchange (NGX), now Nigerian Exchange Group, is an integrated stock exchange group in Africa founded in 1961 in Lagos. Following the demutualization of the NSE in 2021, NGX Group now has 3 subsidiaries - Nigerian Exchange Limit ...

. The DAAR communication Plc was penalized with a fine of ₦500,000 in July 2018 with two weeks optimum. The fine was imposed by the

National Broadcasting Commission The National Broadcasting Commission is the broadcast regulator of the Federal Republic of Nigeria. The commission was set up on August 24, 1992, by Decree 38 of 1992 later amended as an act of the National Assembly by Act 55 of 1999 and now known ...

as a result of alleged infringement on the provisions of the Nigeria Broadcasting Code. The Director-General of NBC, Mallam Is’haq Modibbo Kawu, claimed that the fine was imposed "following the persistent and flagrant infringement of the provisions of the Nigeria Broadcasting Code through the use of provocative, inflammatory and divisive comments by anchors on the Raypower programme, Political platform".

Operations

The corporation is involved in creating, producing, and promoting entertainment-related news and information to a worldwide audience. It possesses and manages a collection of news outlets, radio stations, and television networks dedicated to entertainment. Its RayPower 100.5 FM content consists of current events, international music programming, athletics, news, business updates, weather forecasts, specials, cultural events, health pointers, magazine/developmental features, and musicals/entertainment. Its

(AIT) offers television broadcasting with a programming theme that conveys the African experience to the worldwide community. The programming on AIT includes news, current events, public awareness, business, musicals, athletics, magazines/talk shows, cultural events, tourism, AIT International, and AIT Sports. It offers a range of corporate services. The corporation also has television production operations in Nigeria.

References

Mass media companies of Nigeria Companies listed on the Nigerian Stock Exchange Mass media companies established in 1998 Nigerian companies established in 1998 {{Nigeria-company-stub "Court Adjourns Tinubu's N150bn Libel Suit against AIT to September 30". This Day. Leaders and Company. Archived from the original on July 9, 2015. Retrieved June 1, 2015. "Daar Communication, others move to avoid NSE hammer". The Punch. Punch Nigeria Limited. Archived from the original on July 2, 2015. Retrieved June 1, 2015. "Shareholders approve DAAR Communications bonus". The Punch. Punch Nigeria Limited. Archived from the original on July 2, 2015. Retrieved June 1, 2015. "DAAR Communications PLC, DAARCOMM:LAG profile - FT.com". markets.ft.com. Retrieved 2023-05-29. "NBC fines Daar Communications over breach of broadcasting code". The Guardian. The Guardian Nigeria Limited. Retrieved 28 July 2018.