DAAR COMMUNICATIONS PLC

DAAR Communications PLC, a prominent Nigerian independent media conglomerate, was founded and incorporated by Raymond Dokpesi in August 1988. The company played a pioneering role in the liberalization of Nigeria's broadcast industry, launching the nation's first private independent radio station, Raypower 100.5 FM, in 1994, followed by the introduction of satellite television with Africa Independent Television (AIT) in 1996. This strategic expansion established DAAR Communications as a significant force in the media landscape. The company further evolved into a public liability company on April 23, 2007, and its shares are listed on the Nigerian Stock Exchange. It operates with a core business model centered on the development, production, and marketing of entertainment news and information for a broad audience. The company's diverse portfolio of services includes a collection of news outlets, radio stations, and television networks. Key brands comprise Raypower FM and Faaji FM for radio broadcasting, and Africa Independent Television (AIT), AIT International, and AIT Sport for television content. These platforms deliver a wide range of programming, encompassing news, current affairs, public awareness, business, music, athletics, talk shows, cultural events, and tourism, with a thematic focus on conveying the African experience to a global community. Beyond broadcasting, DAAR Communications also holds interests in broadband internet services, printing, and operates global news bureaus. While its primary market is Nigeria, the company extends its reach to audiences across Africa, Europe, and the United States. Its notable strategic business units include Raypower Radio Services, Africa Independent Television (AIT), DAAR Digital Services (DAARSAT), DAAR News Services, DAAR Ventures and Synergy Limited (DVSL), DAAR Education Services (DES), and DAAR UK Operations. DAAR Communications PLC operates as a subsidiary of DAAR Investment & Holding Co. Ltd.