Throwback: Kingsway Stores - Business (3) - Nairaland
Nairaland Forum › Nairaland General › Business › Throwback: Kingsway Stores (31826 Views)
| Re: Throwback: Kingsway Stores by Deltavariant(m): 5:04pm On Sep 25, 2025 |
Nigeria experienced two disastrous economic decline, first was during the Babangida regime and off recent with the present Tinubu regime. Don't argue thrash with me... |
| Re: Throwback: Kingsway Stores by ElevationD: 5:05pm On Sep 25, 2025 |
PigTormentor:Sorry to tell you that you are not correct. Infact, contrary to what you said, everyone could walk into the stores and make their purchases. Products were well priced and affordable for everyone. The difference was that shoppets could shop with ease and convenience, far from what obtained at Balogun, Ajegunle, waterside, Mushin, Yaba, lawanson markets. All Nigerians could purchase all that they wanted, and aside from purchasing items, they also could snap pictures, window shop, eat inside the then Kingsway rendezvous and have fun. You could spend the whole day inside Kingsway and jump up and down the escalator. Salaries were at 130 per month and with that people could fend for themselves and families. Infact a bottle of coke cost 6 kobo in Kingsway. In the 70s and 80s, a bottle of Gulder was at between 70 kobo and 90 kobo, while a plate of cow tail pepper soup was at one naira. The only branch was at Apapa. That place is now occupied by Cash and Carry. It was Leventis stores that had a branch in Surulere, at No. 1 James Robertson street. UTC in the present UBA Apongbon. It was there before that Apongbon bridge was built and had its only branch opposite Kingsway Apapa and adjacent to Leventis, in that same Apapa. My brother, if you want to talk of affordability, please do not compare those periods and now. Nigerians are presently in big distress. |
| Re: Throwback: Kingsway Stores by tianshie(m): 5:05pm On Sep 25, 2025 |
AngelahFlo:Nothing at Kingsway was affordable. Items on their shelves were so expensive, the term "Kingsway" as a metaphor for costliness entered the lingo. |
| Re: Throwback: Kingsway Stores by okomile(f): 5:06pm On Sep 25, 2025 |
I remembered my Xmas dress that my mum bought for me in the 70s I wore the dress for years and was always walking tall. Leventis and Bhojson at oyingbo. We buy ice cream,chocolates etc Also comics from abroad weekly Bestie bunther Archie Etc Wish to relive that era It is well with Nigeria |
| Re: Throwback: Kingsway Stores by JohnBullMySon: 5:10pm On Sep 25, 2025 |
nairalanda1:While export manufacturing is the major way for a poor country to become rich, export or import levels doesn’t tell the whole story. Take America for instance. US is the worlds largest customer, always having trade deficits. So how is America still rich? Reason is because Americas internal economy is so strong that the currency stays very high and thus the purchasing power of the average American can buy a lot of foreign goods. Of course this will still lead to exports cause of the quality of America’s goods but it doesn’t matter if imports are higher. If you’ve been following the US dollar you will notice it’s been dropping recently. Reason is not a decline in exports but a decline in jobs. Because the dollar is mostly dependent on the internal economy and not exports. The issue with Nigeria is that it doesn’t have a diversified economy and thus operates like a small country that is export dependent and vulnerable to to global shocks as you have described in the rest of your comment. |
| Re: Throwback: Kingsway Stores by nairalanda1(m): 5:14pm On Sep 25, 2025 |
JohnBullMySon:USA was built on , has built and still has a strong manufacturing sector and industrial sector |
| Re: Throwback: Kingsway Stores by ruzell86: 5:16pm On Sep 25, 2025 |
ElevationD:With this knowledge of Lagos... baba you suppose don be ward Councillor, walahi. |
| Re: Throwback: Kingsway Stores by JohnBullMySon: 5:18pm On Sep 25, 2025 |
nairalanda1:Yes but that isn’t the point. I never said the opposite sir. I was talking about internal economy vs exports aka global economy. |
| Re: Throwback: Kingsway Stores by ElevationD: 5:23pm On Sep 25, 2025 |
ruzell86:I don pass councillor tay tay. How we go come do an na? |
| Re: Throwback: Kingsway Stores by SarkinYarki: 5:32pm On Sep 25, 2025 |
nairalanda1:You blame SAP for the other ones but the ones Tinubu bad policies have closed you want to blame something else |
| Re: Throwback: Kingsway Stores by SarkinYarki: 5:37pm On Sep 25, 2025 |
ElevationD:How old were you then? |
| Re: Throwback: Kingsway Stores by slimmoney(m): 5:38pm On Sep 25, 2025 |
Kingsway that year, the first big supermarket i ever entered in my life, always looking forward to go there that year even though we no dey buy anything, na only window shopping we dey do. |
| Re: Throwback: Kingsway Stores by just2endowed: 5:45pm On Sep 25, 2025 |
ElevationD:Nothing like MC oluomo or the agbero thug and terrorist NURTW were not there killing civilians. Wish i was born during this good time. |
| Re: Throwback: Kingsway Stores by IMPARTIAL: 6:01pm On Sep 25, 2025 |
If you say ShopRite, OK! But certainly, you cannot compare Ebeano with Kingsway back then. |
| Re: Throwback: Kingsway Stores by nairalanda1(m): 6:03pm On Sep 25, 2025 |
SarkinYarki:I wish I was lying. Honestly, I wish I could blame tinubu for this one. But I am actually telling the truth. Stop assuming that everyone that does not agree with you is a tinubu supporter, PDP Man Shoprite Holdings is calling it quits in Ghana and Malawi, marking its seventh exit from African markets outside its home base. The South African retail giant is now doubling down on what it knows best — its core operations back home. After years of trying to crack markets across the continent, the company is shifting focus to where it sees better profitability and control.SAUCE |
| Re: Throwback: Kingsway Stores by LordReed(m): 6:07pm On Sep 25, 2025 |
AngelahFlo:Xmas at Kingsway back in the day was every kids dream. I still dream of it sometimes. |
| Re: Throwback: Kingsway Stores by TenQ: 6:16pm On Sep 25, 2025 |
AngelahFlo:Then, it was Uncle Benz Rice that was king. It doesn't have a single stone Rubber toy guns for boys and plastic baby dolls for girls. LOL! |
| Re: Throwback: Kingsway Stores by Mariangeles(f): 6:23pm On Sep 25, 2025 |
ElevationD:Reading this, I could sense your nostalgia. |
| Re: Throwback: Kingsway Stores by SarkinYarki: 6:28pm On Sep 25, 2025 |
Deltavariant:Nigeria experienced two disastrous govt 1 BUHARI 1983 2 Buhari 2015 The man destroys things so bad that anyone that comes after him become a villain |
| Re: Throwback: Kingsway Stores by Efuaye(m): 6:35pm On Sep 25, 2025*. Modified: 6:51pm On Sep 25, 2025 |
It was my first visit to Lagos in 1982 when my elder brother took me to the Kingsway and Leventis stores. We bought a VCR after I asked him why we didn't have movies at home like the ones displayed on the TVs in the mall. Until that day in December 1982, I had never known that a video player existed. |
| Re: Throwback: Kingsway Stores by cucumbar: 6:59pm On Sep 25, 2025 |
AngelahFlo:Tinubu happened to them. So sad! |
| Re: Throwback: Kingsway Stores by paix(m): 7:02pm On Sep 25, 2025 |
This brings to bare the good old days in Kaduna, stores like: Kingsway Leventis Bhojson Cash & Carry Bata Harmony Brothers Challarams Lennards Lever Brothers PZ UTC And many more. |
| Re: Throwback: Kingsway Stores by Konquest: 7:04pm On Sep 25, 2025*. Modified: 7:35pm On Sep 25, 2025 |
AngelahFlo:Yeah! The last paragraph is succinct. Those of us who belong to the generation of Baby-boomers and Gen X can relate with this thread because we were deeply immersed in outings and purchases especially from the oil boom years of the 1970s to the iconic Kingsway Stores, Leventis Stores, UTC, Chellarams, Bhojson, Cash & Carry, etc, right in the major commercial cities of Lagos, Kano, etc. The decline in the global oil price, U.S. high interest rate hikes all happened from the early 1980s and IBBs Structural Adjustment Program added more fire into the mix and the economy went south. The fantastic foreign expats and academics from Jamaica, Ghana, India, Bangladesh, Pakistan, the United Kingdom, the United States, etc, who I knew back then as family buddies from the oil boom years of the 1970s leading right into the 1980s began to leave Nigeria from 1985 to the late 1980s with their families for greener pastures in the United States, United Kingdom, Canada, Saudi Arabia, etc. There used to be a Kingsway Stores back in the day on Kingsway Road, on Ikoyi Island, Lagos State (renamed by the Lagos State Government of former Governor 'Bola Ahmed Tinubu after the iconic Itsekiri business mogul and one of NADECO's financier Chief Alfred Rewane who passed on after being assassinated by agents of the military dictatorship in the late 1990s). Good to see another throwback photograph of Ben Murray-Bruce. Nice thread. |
| Re: Throwback: Kingsway Stores by Blazebond(m): 7:13pm On Sep 25, 2025 |
Nor worry,you go soon do retro for ShopRite |
| Re: Throwback: Kingsway Stores by Konquest: 7:33pm On Sep 25, 2025 |
Efuaye:That must have been the "Betamax" Video Player you guys got in 1982, before the newer "VHS" Video Players replaced them in the 1980s. Life was mad cool back then in the early 1980s (1980-1982) [and Nigerian folks traveled regularly on business, leisure, and studies to London and New York via the iconic British Caledonian Airways, Nigeria Airways and PanAm from Lagos and Kano International Airports] before the United States sudden increased interest rates affected the global economy heavily with many African, Latin American and Asian countries defaulting in their foreign loan payments and contending with inflation and austerity measures due to the sudden U.S. interest rate hikes. |
| Re: Throwback: Kingsway Stores by correctguy101(m): 7:42pm On Sep 25, 2025 |
Black and white days. I somehow, sometimes still get the feel of the atmosphere back then. It's like the earth changed. Baby Kingsway dem back then go don be grandma today. ![]() |
| Re: Throwback: Kingsway Stores by Konquest: 7:44pm On Sep 25, 2025*. Modified: 8:06pm On Sep 25, 2025 |
ElevationD:True that. You pretty much moved around the Lagos Kingsway hotspots back in the day. You have a strong memory recall of some events. The ambience, music, and fragrances that wafted through those Kingsway Stores, UTC Stores, Leventis, Chellarams Stores were way different from that experience from ShopRite outlets or other super stores located in malls that evolved after those iconic department stores wound down finally during the Nigerian Military dictatorship years of the 1980s and 1990s. However, the "decay" in Lagos infrastructure and that of the entire Nigeria economy in general started exponentially from the corrupt military dictatorship years of Ibrahim Badamasi Babangida (NOT even from the stern Muhammadu Buhari and 'Tunde Idiagbon Military Government like someone incorrectly stated on this thread), then the notoriously corrupt Sani Abacha who literally stole over 4 billion USD of Nigeria's money via the Central Bank of Nigeria into foreign offshore bank accounts in the Caribbean, Europe, and Asia in what is now internationally called the "Abacha LOOT" way before the politicians arrived in 1999. |
| Re: Throwback: Kingsway Stores by Oakenshield: 7:59pm On Sep 25, 2025 |
oluxmondd2:it's just a shame |
| Re: Throwback: Kingsway Stores by AfahaAbia(m): 8:21pm On Sep 25, 2025 |
ElevationD:Wow I'm amazed you can remember all this. I was a kid in the late 80s and I vividly remember the Kingsway of those days in lagos. My dad used to work for John Holt. I really enjoyed my childhood in Nigeria I swear |
| Re: Throwback: Kingsway Stores by Konquest: 8:21pm On Sep 25, 2025 |
PigTormentor:You're NOT entirely correct with some of your submissions in the bolded right ABOVE. I lived through that period and many Nigerian folks in the oil boom years of the 1970s right into the early 1980s could afford visits and purchases at those Kingsway Stores, UTC Stores, Leventis Stores, etc. They were usually packed full with enthusiastic buyers especially in the evenings and weekends. There was a vibrant Nigerian middle class and middle upper-class in Nigeria back in the day. However, just like you indicated, I can say here and now that NOT everyone visited to make purchases because we still had low-income folks living in low-income slum areas of Maroko (demolished in 1989 by Brigadier General Raji Rasaki of Lagos State, and Maroko is now known as Victoria Island Extension and parts of Lekki Phase 1), Ajegunle, slums in parts of Surulere, etc, which all housed struggling economic migrants from other Nigerian States and West Africa in general. I hope that helps. |
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