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DAAR Communications Plc (NGX: DAARCOMM) | Share Price

Nigel Firth
Nigel Frith trader
Updated 22 Mar 2024

DAAR Communications Plc is an investment holding broadcasting company in Nigeria listed on the Nigerian Stock Exchange (NGX). DAAR Communications Plc has diversified interests in broadcasting, printing, publishing, telecommunications, and allied multimedia services develops, produces and markets television and radio entertainment and news programmes for markets in Africa and the United Kingdom.


Overview of DAAR Communications Plc

Today, DAAR Communications Plc’s portfolio of products and services are diversified in more sectors of the media value chain and include the following: Television news and entertainment networks AIT Television, AIT International and AIT Sport as well as DAARSAT, a Pay-TV service on a digital streaming platform, the radio station Raypower 100.5Fm. DAAR Communications Plc also has its own television production operation in Nigeria.

DAAR Communications Plc

The programmes on AIT include news, current affairs, public enlightenment, business, musicals, sports, magazine/talk shows, cultural and tourism.

The history of DAAR Communications Plc goes back to 1998 when it was established by Raymond Dokpesi and it was converted into a public liability company in 2007. It was listed in 2008 and appears in the Nigeria All-Share Index.

DAAR Communications Plc has its head offices at Kpaduma Hills, Ladi Lawal Drive, Asokoro Abuja, Nigeria.

DAAR Communications Plc has a staff complement of about 500 and renders its services in Africa and the United Kingdom.

The current CEO of DAAR Communications Plc is Anegbe Anthony Akiotu.

DAAR Communications Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol DAARCOMM.

DAAR Communications Plc forms part of the Media (Broadcasting and Cable TV) Industry and the Consumer Services Sector of the Nigerian Stock Exchange (NGX).

DAAR Communications Plc

DAAR Communications Plc Stock Performance

The current price for DAAR Communications Plc stocks on the Nigerian Stock Exchange (NGX) is 0.20 Nigerian Naira (NGN).

An analysis of financial data of DAAR Communications Plc showed that the company has a total market capitalisation of 2.4 Billion NGN, with a Price/Earning ratio of zero and earnings per share of zero NGN. A total of 12 Billion shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell DAAR Communications Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of DAAR Communications Plc, analysts forecast further improved performance for the Consumer Services sector with market share growing as trading volumes increase.

Highlights of DAAR Communications Plc

DAAR Communications Plc started the 2021 financial year with a share price of 0.30 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has lost 33.3 % in value on its price valuation, ranking 149th on the NGX with its year-to-date performance.

DAAR Communications Plc was the 105th most-traded stock on the NGX and it has experienced a total trading volume of more than 1.23 million shares, which were finalised in 89 deals and were valued at a total of 246,910 Nigerian Naira (NGN) over the recent three month period from July to September 2021, with an average of 19,596 shares in each trading session.

During the same period a volume high of 267,410 shares trading was achieved on a single day.

How to buy DAAR Communications Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade DAAR Communications Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “DAARCOMM”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.


The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.