Five companies that have crossed 50-year mark in Lagos

Some businesses in Lagos have earned the status of household names having withstood the harsh forces of the global market and a fragile local economy. By making intelligent decisions when occasions demand and harnessing available resources, these companies have sustained their relevance, comparative advantages and qualitative brands for over half a century in the state. Ikeja Record has compiled brief profiles of five firms which belong to this class of businesses in Lagos.

1. FirstBank of Nigeria

The oldest financial institution in Nigeria was founded in 1894 as FirstBank of British West Africa and renamed First Bank of Nigeria in 1979. First Bank is owned by FBN Holdings PLC.

FirstBank maintains the leading position in many of the markets in which it operates, market-leading distribution capability and a well-recognised brand with a large customer base and a staff strength of not less than 16,000.

With over 800 business locations in Nigeria, all online and in real-time, the bank has on…