Nigeria’s box office generates N4.6bn in six months – CEAN
by Kareem Azeez · The GuardianThe Cinema Exhibitors Association of Nigeria (CEAN) on Wednesday said cinemas across the country generated N4.6 billion in first half of 2024.
Mr Ope Ajayi, Chairman of CEAN, in an interview with the News Agency of Nigeria (NAN) in Lagos, said the cinema played host to 1,199,661 visitors within the period under review.
According to him, there was an appreciable increase in revenue generated in the first half of the year when compared to revenue generated within the same period in 2023.
He said N3 billion revenue was generated in the first half of 2023.
Ajayi expressed excitement as revenue generated from Nollywood and Hollywood films in cinemas were begining to be at par, describing the development as the way to go.
“Nollywood films raked in N2,325,930,952 while Hollywood films generated N2,321,273,174, as revenue in the first half of the year.
“We also recorded 559,122 total admission for Hollywood films and 640,539 for Nollywood films.
“So, box revenue grew by 34 per cent in the first half of the year, when compared with last year but admissions remain flat.
READ ALSO: “Funmilayo Ransom Kuti” Makes ₦32 million at Nigerian Box Office
“We are happy that the revenue generated from Nollywood and Hollywood films
are at par and Nollywood is projected to deliver higher box office revenue in the second half of the year.
“For the first time ever, we expect Nollywood to contribute more to the box office than Hollywood in 2025, while also projecting a 40 per cent growth on last year’s box office.”
He said that Hollywood films to be out in August included: Alien: Romulus; It ends with us; Trap; Blink Twice; Afraid; The Crow and Borderlands.
Also, Nollywood films for August are: Betrayed; Move like a boss; The weekend and Force empire.
The Cinema Exhibitors Association of Nigeria (CEAN) on Wednesday said cinemas across the country generated N4.6 billion in first half of 2024. Mr Ope Ajayi, Chairman of CEAN, in an interview with the News Agency of Nigeria (NAN) in Lagos, said the cinema played host to 1,199,661 visitors within the period under review. According to…
The Lagos State Police Command has claimed that it successfully detonated an improvised explosive device (IED) around the Mobolaji Bank Anthony Way, Ikeja, Lagos, hours before the End Bad Governance in Nigeria protest. Spokesperson for the Lagos State Police Command, Benjamin Hundeyin, said that at around 4 p.m., a police officer reported at the Explosive…
The Cinema Exhibitors Association of Nigeria (CEAN) on Wednesday said cinemas across the country generated N4.6 billion in first half of 2024. Mr Ope Ajayi, Chairman of CEAN, in an interview with the News Agency of Nigeria (NAN) in Lagos, said the cinema played host to 1,199,661 visitors within the period under review. According to…
In a bid to tackle immigration fraud and its accompanying reputational damage it is causing Nigeria, the Economic and Financial Crimes Commission (EFCC) has set up an Immigration Fraud Section in some of its Commands across the country. Chairman of the Commission, Mr. Ola Olukoyede, disclosed this while receiving a delegation of the Royal Canadian…
The Presidential Candidate of the Labour Party in the 2023 general election, Peter Obi, says Onyeka Onwenu's death has thrown him off balance. Writing on his X handle, Obi said he watched as doctors battled in vain to save her life after her elegant performance on stage. "She left us with a striking song in…
The House of Representatives on Wednesday urged the Federal Government to provide funding for the procurement of additional air ambulances and helicopters equipped with advanced medical facilities and search and rescue capabilities for the National Emergency Management Agency (NEMA). The lawmakers also sought an increase in the budgetary provision to enable the agency to invest…
The Owa of Idanre kingdom, Oba Frederick Adegunle Aroloye, Arubiefin IV, has joined his ancestors at 102. The Guardian reported that the oldest first-class monarch who ascended the throne in 1976 passed away after a brief illness. The demise of the monarch was disclosed on Wednesday at Owa’s palace by the Lisa of Idanre, who…
COUNTRY President of the United Nations Positive Livelihood Award Centre (UNITED NATIONS-POLAC), Prof Mercy Olufunmilayo Adesanya-Davies, has called on the organisers of planned nationwide protests, dubbed "End Bad Governance in Nigeria, to give the Government more time to “right the wrongs.” She noted the demands of the protesters which included that the government should bring…
The former Deputy Vice Chancellor of Ekiti State University, Ado Ekiti (EKSU), Prof. Olorunfemi Olaofe, has been murdered by those who kidnapped him. The 79-year-old professor was kidnapped by unknown gunmen at his residence in a housing estate along Afao Road in Ado Ekiti on July 9, 2024. The kidnappers, sources said, had earlier contacted…
The Oyo State Universal Basic Education Board (OYOSUBEB) has officially released the results of its just concluded computer-based tests. This was disclosed in a statement by the Executive Chairman of the Board, Dr. Nureni Adeniran, on Wednesday in Ibadan. According to Adeniran, the board has set minimum cut-off marks for qualification to the next stage…
The Nigerian Education Loan Fund (NELFUND) has confirmed The Guardian story indicating that applicants for the students' loan scheme would get an upkeep of N20,000 monthly. Speaking at a press conference in Abuja on Wednesday, Managing Director/Chief Executive Officer of NELFUND, Akintunde Sawyerr, revealed that students who applied for upkeep allowance will receive N250,000 per…