Nigerian Box Office Rakes in N11.5bn Revenue, Records 60% Growth

The Cinema Exhibitors Association of Nigeria (CEAN), says the Nigerian film industry has experienced a significant surge with the Box Office recording an impressive 60 per cent increase in 2024.

Ope Ajayi, CEAN’s National Chairman revealed this while speaking with the News Agency of Nigeria (NAN), in Lagos.

According to him, N11.5billion was realised in the year 2024 from ticket sales across cinemas in Nigeria, as against N7.2billion made in 2023.[admnager ad_id=”desktop_1″ placement=”desktop” lazy=”false”]

He said in 2024, the cinemas accommodated no fewer than 2.66million persons and 2.54million persons in 2023.

“We have recorded 60 per cent growth in revenue in 2024 and about 4.5 per cent growth in admissions despite harsh economic climate.

“This is a remarkable achievement and it is a testament to the industry’s resilience, creativity and determination.

“It is also the first time we are seeing a growth in admissions since 2020 signaling a significant upturn in the cinema subsector,” he said.

Ajayi listed the top five Nollywood films in 2024 as: Everybody Loves Jennifer, Queen Lateefah, Ajosepo, Ajakaju and Alakada Bad &Boujee.

He said “Everybody Loves Jennifer” raked in N1.124billion, “Queen Lateefah” made N365.5million, “Ajosepo” scooped in N257.3million, “Ajakaju” made N252.8million while “Alakada Bad &Boujee” raked in N229.1million.

“Everybody Loves Jennifer and Alakada Bad & Boujee are still in cinemas.”

Ajayi noted that the top five Hollywood films in 2024 were: Deadpool & Wolverine, Bad Boys 4, Gladiator II, Moana 2 and Venom 3.