Section 2: Objects, etc., of the Agency.

(1) The objects of the Agency shall be to-
(a) seek, obtain and otherwise receive through subscription, payment, exchange or other means, international, regional, local and other news, news material and news features;
(b) distribute such news, news material and news features to subscribers against payment either in the form of fees or news exchange or on such other terms as may be agreed;
(c)
engage in commercial enterprises that are ancillary to the objects of the Agency or which in the opinion of the Board can be advantageously carried on by the Agency;
[1992 No. 87.]
(d)
present complete, objective and impartial information, news or news material or features on any matter of public or national interest within and outside the Federation; and
(e)
report truthfully and fairly, without prejudice to public and national interest, the views of all sections of the population of the Federation.
[1992 No. 87.]
(2) Without prejudice to subsection (1) of this section, the Agency shall have a monopoly-
(a) of the sale, distribution in Nigeria, of news, information, economic and financial data and any other service or product of any foreign news agency to be marketed in Nigeria; and
(b) any equipment used pursuant to paragraph (a) of this subsection.