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BusinessDay Media Ltd is the leading medium for up-to-date news and insightful analysis of business, policy and the economy in Nigeria. A critical decision-making tool for investors and managers. It provides unbiased news and informed analysis on politics, governance, social and economic trends.
Since March 2009, Business Hallmark has been the watchdog and mouth-piece of the business community through its well-researched analysis and projections, and through the analytical scrutiny of annual reports, the website was able to accurately forecast the collapse of Nigeria’s banking and financial sectors
The Compass is owned by Gbenga Daniel, Governor of Ogun State from May 2003 to May 2011. In 2009, the newspaper named Daniel the most outstanding governor in education in the country. The award to the paper’s owner drew both criticism and ridicule. In July 2009 the paper published a photograph of Wale Alausa, a member of the Ogun State House of Assembly, taking an oath of loyalty while naked. They gave conflicting explanations about the event and the publication of the picture, which seemed to have political motivations.
In January 2014, the Nigerian Compass announced the acquisition of its publication right by Segun Oyebolu who had earlier made an offer of N1 Billion to Mr Daniel in 2012. The newspaper subsequently is published as a free national newspaper in Nigeria by the newly registered Compass FreePaper Limited owned by Segun Oyebolu
The paper went into decline after it was purchased by the government in 1975. What was left was sold to a private investor in 2004. Folio Communications Limited officially assumed the ownership of the Daily Times of Nigeria Plc on 2004 after a colorful handover ceremony that was televised. The company was not and is still not a consortium. It is a private limited-liability company.
The printing of the flagship title The Daily Times resumed after the assumption of ownership in earnest from 2006 until 2009, partially to satisfy the embedded requirements contingent upon the Enterprise Sale Deed while company turnaround and restructuring continued.
The flagship Daily Times returned to the streets in December 2014.
According to a 2009 survey, it was the second-most-read newspaper in Nigeria.
The paper’s website says it stands for freedom, justice and the market economy.
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