Article Was Last Updated August 26, 2026
Nigeria has one of Africa’s largest media industries, with television, radio, newspapers and digital platforms serving audiences across the country. Major media companies generate income through advertising, subscriptions, publishing, broadcasting, digital content, events and commercial partnerships.
Top 15 Richest Media Companies in Nigeria
MultiChoice Nigeria
MultiChoice Nigeria operates DStv and GOtv, two of Nigeria’s largest subscription television services. The company provides sports, films, entertainment, news and local programming to subscribers across the country.
MultiChoice Nigeria forms part of the wider MultiChoice Group, which operates television and digital entertainment businesses across Africa.
Nigerian Television Authority
The Nigerian Television Authority (NTA) began operations in 1977 and remains Nigeria’s largest government-owned television network. It operates stations across the country and broadcasts news, sports, entertainment and other programmes.
NTA earns revenue from advertising, sponsorships and other commercial broadcasting activities.
Channels Media Group
Channels Media Group operates Channels Television, Channels 24, Channels Digital and other media businesses. John Momoh and Olusola Momoh founded Channels Television, which began broadcasting in Lagos in 1995.
Channels Television operates a national network with stations in Lagos, Abuja, Edo and Kano, as well as bureaus and correspondents across Nigeria. The company also reaches audiences through its website, mobile platforms and social media channels.
TVC Communications
TVC Communications operates TVC News, TVC Entertainment, Max FM, Adaba FM and Yanga FM. The Lagos-based company began operations in 2007 and runs television, radio and digital media platforms.
The company says its platforms reach more than 24 million people daily across Nigeria and beyond.
Silverbird Group
Silverbird Group was founded by Ben Murray-Bruce and operates businesses across television, radio, cinema and entertainment. Its media interests include Silverbird Television and Rhythm FM.
The group also operates entertainment and event businesses, giving it interests across several parts of Nigeria’s media industry.
DAAR Communications
DAAR Communications operates Africa Independent Television (AIT) and RayPower FM. Raymond Dokpesi founded the company in 1993.
The company is listed on the Nigerian Exchange and generates revenue from broadcasting, advertising and related commercial activities.
THISDAY Media Group
Nduka Obaigbena founded THISDAY in 1995. The group operates THISDAY newspaper and ARISE News.
THISDAY covers politics, business, international affairs, entertainment and other major national issues, while ARISE News broadcasts news and current affairs programming to audiences in Nigeria and other countries.
Media Trust Group
Media Trust Group is the publisher of Daily Trust and operates digital media platforms serving Nigerian audiences. The company is based in Abuja and has a particularly strong readership in northern Nigeria.
Its media operations cover politics, business, sports, entertainment and other areas of national interest.
Punch Nigeria Limited
Punch Nigeria Limited began in 1971 and publishes The PUNCH newspaper. The company also operates PUNCH Online, which provides news and other digital content.
Its coverage includes politics, business, sports, entertainment, health and national affairs.
The Guardian Nigeria
The Guardian Nigeria began publishing in 1983 and is based in Lagos. The newspaper covers national affairs, politics, business, finance, culture, opinion and international news.
The Guardian also operates a digital news platform serving readers in Nigeria and abroad.
BusinessDay Media
BusinessDay Media specialises in business, financial and economic journalism. Its operations include the BusinessDay newspaper and digital platforms.
The company also provides research, conferences, events and other business information services.
The Nation
The Nation publishes a national newspaper and operates a digital news platform. Its coverage includes politics, business, sports, entertainment, education and current affairs.
The newspaper has a nationwide readership and maintains a strong digital presence.
Legit.ng
Legit.ng is a major digital media platform in Nigeria. It publishes news, entertainment, business, lifestyle and other content for online audiences.
The platform reaches readers through its website, social media accounts and video channels.
Pulse Nigeria
Pulse Nigeria operates a digital media platform covering news, entertainment, business, lifestyle, sports and other subjects.
The company reaches its audience through its website, social media platforms and video content.
Arise News
ARISE News is a television news network that covers Nigerian, African and international affairs. It operates from Lagos and broadcasts news, business and current affairs programming.
ARISE News forms part of the media interests associated with Nduka Obaigbena and the THISDAY media group.
Richest Media Companies in Nigeria by Category
Television companies with major operations in Nigeria include MultiChoice Nigeria, NTA, Channels Media Group, TVC Communications, Silverbird Group, DAAR Communications and ARISE News.
Major newspaper publishers include Punch Nigeria Limited, Media Trust Group, THISDAY Media Group, The Guardian Nigeria, The Nation and BusinessDay Media.
Legit.ng and Pulse Nigeria are among Nigeria’s major digital media platforms, while radio operations form part of several larger media groups, including DAAR Communications, TVC Communications and Silverbird Group.
How Media Companies in Nigeria Make Money
Media companies in Nigeria generate revenue from advertising, television subscriptions, sponsored programmes, digital advertising, newspaper sales, events, commercial partnerships, content licensing and other media services.
Television companies earn substantial income from advertising and subscription services, while newspaper publishers combine print sales with digital advertising and other commercial activities. Digital publishers depend heavily on online advertising, branded content, video and commercial partnerships.
