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Nigerian box office records 60% growth, rakes in N11.5bn

by Tolulope Akinruli
January 4, 2025
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Nigerian box office records 60% growth, rakes in N11.5bn
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The Cinema Exhibitors Association of Nigeria (CEAN) had reported that, the Nigerian film industry has enjoyed a major spike, with the  Nigeria box office increasing by an astonishing 60% in 2024. Mr Ope Ajayi, CEAN’s National Chairman, made the announcement while addressing in Lagos.

According to him, ticket sales throughout Nigerian cinemas generated N11.5 billion in 2024, compared to N7.2 billion in 2023. He stated that in 2024, the cinemas would accommodate no fewer than 2.66 million people, up from 2.54 million in 2023.

“Despite the severe economic circumstances, we saw a 60% increase in revenue in 2024 and a 4.5% increase in enrolment. “This is a fantastic achievement that demonstrates the industry’s perseverance, inventiveness, and determination.

“It is also the first time we are seeing a growth in admissions since 2020 signalling a significant upturn in the cinema subsector,” according to him. Ajayi identified the top five Nollywood films for 2024 as Everybody Loves Jennifer, Queen Lateefah, Ajosepo, Ajakaju, and Alakada Bad & Boujee.

He claimed that “Everybody Loves Jennifer” made N1.124 billion, “Queen Lateefah” made N365.5 million, “Ajosepo” made N257.3 million, “Ajakaju” made N252.8 million, and “Alakada Bad & Boujee” made N229.1 million.

“Everybody Loves Jennifer and Alakada Bad & Boujee are still in cinemas.” Ajayi identified the top five Hollywood films for 2024 as Deadpool & Wolverine, Bad Boys 4, Gladiator II, Moana 2, and Venom 3.

Tags: Nigerian box office
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