The Daily Times is a newspaper with headquarters in Lagos. At its peak, in the 1970s, it was one of the most successful locally owned businesses in Africa. 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 September 3, 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.
Although the flagship Daily Times returned to the streets in December 2014, further efforts have been made towards the return of the other viable titles, especially the Sunday Times, the Weekend Times and the Lagos Weekend, to the streets.