The Nigerian film industry has showcased exceptional performance since the start of 2024, with momentum continuing from December’s high-profile releases.
The sector has amassed a robust N6 billion in total revenue, with Nollywood films capturing an impressive 50.05% market share.
This positions the Nigerian box office on track to meet its ambitious N10 billion revenue target, significantly surpassing the previous year’s N7.24 billion.
Nollywood films have made a significant contribution, accounting for N2.32 billion of the total revenue and 640,539 admissions.
This slightly outpaces Hollywood’s contribution of N2.32 billion, which represented 49.95% of the market share. However, Hollywood films recorded fewer admissions, with 559,122 tickets sold, equating to a 46.61% share of cumulative admissions compared to Nollywood’s 53.39%.
Despite this achievement, Nollywood’s admissions growth has been marginal, at just 0.01% year-on-year, with total ticket sales hovering around 1.1 million.
In this context, Naijaonpoint has spotlighted the filmmakers behind some of the year’s highest-grossing films, each surpassing the N100 million mark.
This includes key successes from the first eight months of 2024 as well as standout releases from December 2023.