Nollywood's highest-grossing movies made over ₦3 billion in the domestic box office in 2024

Key takeaways

  • The top 15 Nollywood movies grossed ₦3.4 trillion combined.
  • The top Nollywood movie in 2024, Everybody Loves Jenifa, accounted for 33.3% of the ₦3.4 trillion.
  • 13 Nollywood movies crossed ₦100 million in earnings.

Nollywood's appeal at the Nigerian cinemas is growing, with the top 15 movies in 2024 earning over ₦3 trillion in 2024. Funke Akindele's Everybody Loves Jenifa was the only movie to cross the ₦500 million mark, reaching ₦1 billion.

While Ayo Makun's 30 Days in Atlanta made history in 2016 as the first Nollywood title to cross the ₦100 million mark in the domestic box office, 13 Nollywood titles reached that feat in 2024. However, Funke Akindele's movies remain the only Nollywood movies to ever gross over ₦500 million at the box office in their release year.

Source:

Nile Entertainment

Period:

2024
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December 2024 saw the highest year-on-year increase in average movie ticket prices
  • December 2024 saw the biggest year-on-year increase in average movie ticket price since the 38.5% increase in 2021.
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  • 2024's average ticket price was 17% below projections.
Lagos alone accounted for 53.6% of Nigeria’s 2024 box office revenue
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  • The South-South emerged as the strongest market outside Lagos, contributing ₦2.1 billion, nearly 50% more than the South-West.
  • Abuja outperformed all three northern zones combined, earning ₦852 million, which is nearly four times their total revenue.
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Filmhouse Cinemas earned the highest gross box office revenue in 2024
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  • EbonyLife Cinemas made the highest amount of any single cinema location
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Nigeria alone accounts for 92% of cinema screens in Anglophone West Africa
  • Nigeria alone holds 89% of all cinema locations and 92% of all screens in the region.
  • Ghana is the second-largest market but has only seven locations and 18 screens, significantly trailing behind Nigeria.
  • Sierra Leone has four cinema locations and eight screens, while Liberia has just one location with two screens, highlighting the limited cinema infrastructure in both countries.
  • The overwhelming concentration of cinema infrastructure in Nigeria reflects its established film industry and audience demand.
Deadpool & Wolverine was the highest-grossing foreign movie at Nigerian cinemas in 2024
  • Four of 2024's top-grossing movies in Nigeria were not among the top 15 globally, showing a local preference for some movies.
  • The world's highest-grossing 2024 movie, Inside Out 2, underperformed in Nigeria
  • Movie franchises and sequels dominated the list, as only two movies were neither a sequel nor part of a franchise.
  • The top 15 foreign titles at the Nigerian box office grossed ₦3.95 billion, more than the top local title's ₦3.37 trillion.
A Nollywood movie has crossed the ₦1 billion mark for two consecutive years
  • 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.
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