Best Shopping Malls Near Victoria Island Lagos You Need to Visit

Victoria Island itself has a limited number of large shopping malls, which means many VI residents and office workers end up traveling further than necessary.


Banex Mall, located just across the border in Oniru, is one of the closest full-service shopping malls to Victoria Island, offering over 100 stores, dining, cinema, and more without a long commute.


Banex Mall exterior near Victoria Island, Oniru, Lagos


Why Victoria Island Has Fewer Large Shopping Malls

Victoria Island developed primarily as a business and financial district, which means much of its real estate is dedicated to office towers, banks, and hotels rather than large retail centers.


The Palms Shopping Mall remains a notable option within VI itself, but the district doesn't have the same density of shopping malls found in nearby Lekki, which has grown rapidly as a mixed residential and commercial area.


Banex Mall: A Shopping Mall Right at Victoria Island's Doorstep

Banex Mall sits at Plot 10 Akiogun Road in Oniru, immediately adjacent to Victoria Island. For anyone working or living in VI, this puts a full shopping mall experience within a short drive, without the longer trip further into Lekki's inner corridors.


Banex Mall offers:

  • Over 100 stores, spanning fashion, electronics, beauty, and lifestyle brands
  • More than 20 restaurants and cafés, from quick service to sit-down dining
  • Banex Cinemas, screening current releases with IMAX and VIP lounge options
  • Coworking and meeting spaces, useful for VI professionals needing a change of scenery or a client meeting space nearby
  • Event halls, suited for corporate functions, launches, and celebrations


Banex Mall near Victoria Island, Oniru, Lagos


What Makes This Mall Convenient for Victoria Island Residents and Workers

Because Oniru sits directly between Victoria Island and the rest of Lekki, Banex Mall avoids the heavier traffic congestion that can build up further along the Lekki-Epe Expressway.


For VI office workers looking for a lunch break destination, or residents wanting a shopping trip without crossing deep into Lekki, the shorter distance makes a real difference.


Comparing Options Near Victoria Island

  • The Palms Shopping Mall, located within Victoria Island itself, offers roughly 70 stores, a cinema, and general retail, and remains the most established option directly on the island
  • Banex Mall, Oniru, just outside VI's border, offers a broader mix including coworking space and dedicated event halls alongside its retail and dining options
  • Options further into Lekki, such as Circle Mall or Novare Lekki, require a longer trip and are better suited to residents based deeper in the Lekki peninsula


Frequently Asked Questions

Is there a shopping mall close to Victoria Island?

Yes. Banex Mall, located in Oniru at the edge of Lekki Phase 1, sits immediately adjacent to Victoria Island and offers over 100 stores, dining, cinema, and event space.


What's the closest full-service mall to Victoria Island besides The Palms?

Banex Mall in Oniru is one of the closest alternatives, offering a broader combination of shopping, dining, coworking, and event facilities than options further into Lekki.


Can I hold a business meeting near Victoria Island outside my office?

Yes. Banex Mall offers coworking and meeting room space in Oniru, a short trip from Victoria Island, suitable for meetings, focused work, or a change of environment.


Does Banex Mall have parking for visitors coming from Victoria Island?

Banex Mall provides on-site parking for shoppers and visitors, making it a practical stop for those coming from Victoria Island without needing to search for street parking.

Visit Banex Mall, Minutes From Victoria Island

If you're based in Victoria Island and looking for a complete shopping, dining, and entertainment destination without a long drive, Banex Mall in Oniru is closer than you might think.


Plan your visit to Banex Mall from Victoria Island→