A Nollywood movie has crossed the ₦1 billion mark for two consecutive years

Key takeaways

  • The highest-grossing Nollywood movie has grown from a modest ₦30 million in 2009 to over ₦1 billion in 2023.
  • Since 2016, Nollywood's highest-grossing movie at the local box office has stayed above ₦250 million.
  • Four of Nollywood's highest-grossing movies in the past five years have been produced by Funke Akindele.

Nollywood movies are expanding their footprint from people's homes to cinemas and streaming platforms. In 2023 and 2024, the highest-grossing movie at the Nigerian box office was a Nollywood production.
Nollywood's highest-grossing movie in the domestic box office in 2024, Everybody Loves Jenifa, made an impressive ₦1.13 billion, 38x more than the best performer in 2009, The Figurine.
Since the release of Kemi Adetiba's Wedding Party, Nollywood's highest-grossing movies have stayed above the ₦250 million mark, crossing ₦1 billion in 2023.
Funke Akindele has produced four of the highest-grossing Nollywood movies in the past five years, setting the records for the first and only Nollywood movies to, within their first year, cross ₦600 billion and ₦1 billion, respectively.

Source:

Nile Entertainment

Period:

2009-2024
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