At 104 years old, Royal Exchange stands as the oldest PLC listed on the Nigerian Exchange Group

Key takeaways:

  • Royal Exchange is Nigeria’s oldest listed PLC at 104 years, incorporated on February 28, 1921.
  • Unilever (101 years) and UAC Nigeria (94 years) follow closely behind, cementing their status as legacy multinationals.
  • Greif Nigeria (85 years) and May & Baker Nigeria (81 years) show enduring pharmaceutical and industrial presence.
  • Wema Bank is the oldest bank on the list at 80 years, showcasing longevity in financial services.
  • Consumer goods dominate the list, with companies like PZ Cussons, Nigerian Breweries, and Guinness all exceeding 75 years.
  • Four companies (Chellarams, PZ Cussons, Thomas Wyatt, and Nigerian Breweries) were all incorporated 77-78 years ago, pointing to a cluster of post-WWII business growth.
  • The youngest on the list—RT Briscoe—is still 68 years old, proving that listing longevity is no accident but a product of strategic resilience.

Nigeria’s oldest listed companies have withstood decades of economic shifts, political transitions, policy reforms, and currency crises—yet they remain active. Leading the pack is Royal Exchange, incorporated in 1921, now 104 years old. It stands as the longest-running publicly listed company in Nigeria, outliving colonial rule, military regimes, and multiple economic cycles. Following closely are Unilever (101 years) and UAC Nigeria (94 years), both rooted in the country’s colonial-era commercial expansion.

The list also highlights sectoral diversity: while consumer goods giants like Unilever, UAC, and PZ Cussons dominate the top tier, legacy financial services players such as Wema Bank (80 years) and even the Nigerian Breweries (78 years) show the breadth of industries that have matured over time. Even lesser-known firms like Thomas Wyatt and Chellarams have clocked in over 70 years of operations, quietly maintaining a consistent market presence.

Source:

Nigerian Exchange Group

Period:

2025
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