Nigerians may be showing immense interest for entertainment as N758.1 million was realised from movie sales in weekends from January-March 2019, according to statistics from the Cinema Exhibitors Association of Nigeria (CEAN) website.

CEAN is an association of cinema owners, operators and managers incorporated by the Corporate Affairs Commission of Nigeria and is meant to promote and protect the value of cinema exhibition in Nigeria.

A breakdown of the CEAN figure for January showed that in four weekends, the total gross of the top 20 movies was N289.6 million and they were viewed by 211,801 people; for February, it recorded N178.7 million from 133,132 people, and for March it was N292.5 million viewed by 211,007.

Movie ticket prices usually range from N1,000 – N3000 across cinemas, depending on the packages that come with it like complementary drinks and popcorn. The major film distributors across cinemas in Nigeria are FilmOne, Silverbird Film, Genesis Deluxe cinemas and Metro Classic.

Gbolahan Ologunro, an equity research analyst at Lagos-based CSL Stockbrokers, said Nigerians had always placed a premium on entertainment despite the fact that disposable income remained pressured.

Yinka Ademuwagun, a macroeconomic analyst at United Capital, said, “It is noteworthy that they are spending that much on leisure. And this is given that most of these figures are from urban areas where you will find cinemas. This says a lot about the movie industry.”

Recently, watching movies in cinemas seems to be the new ‘thing in town’ and this is aside from its entertainment values, movie-going is quickly becoming a lifestyle in which people go to the cinemas with their loved ones and friends to see movies and relax.

“The cinemas have a bigger space to enjoy the latest movies with loved ones while relaxing,” Ruth Udemba said, while expressing her love for the cinema. Usually, people go to watch foreign movies (Hollywood) than home ones (Nollywood) but recently, people are beginning to appreciate the home ones.

For example, Chief Daddy, Up North, Mo’ Dorisa, Hire a Woman, The Big fat Lie, the and She, were some of the top charting Nollywood films for the three month period. Movie producers have found cinema premiering as a means of escaping the gins of movie pirates. Also the Nigerian movie industry has been churning out quality movies worthy of people’s time and money, which makes them cinema-worthy.

“I usually download the latest foreign movies because they are accessible and have good quality but when it comes to the home movies, I watch it at the cinema. It is better enjoyed there,” Shola Awoniyi said. A new cinema era began in 2004 with the launch of a series of modern cinema houses by the Silverbird Group and since then launch of the group, new cinemas like Ozone, Filmhouse and Genesis Deluxe have launched and are playing important roles in the evolution of the Nigerian film industry

SOURCE: https://www.trendingaccounting.com/2019/04/ican-conditions-for-renewal-of-expired.html

that is black man mentality, very lazy set of human beings

Jesusloveyou:
that is black man mentality, very lazy set of human beings

...and the funny thing is you are one of them .

Na only yahoo boys,yahoo girls(sugar daddy babes) bizness men and private sector.

Jesusloveyou:
that is black man mentality, very lazy set of human beings

Please, I didnt get your point.


Movie and entertainment is an industry on its own...nah government mumu for not investing and taxing the industry appropriately. You can imagine AVENGERS grossing $60 million dollars in a single night. That's huge and profitable for any government, but Nigerian politicians are merely interested oil. Shame!

The degree of money in circulation of recent has been as a result of capital inflow mainly through private investment, foreign direct investment (FDI, majorly carried out by private individuals, )money sent directly by relations abroad to families over here, not also taking away the inflow of cash by G-boys as well as other illegal means of sourcing for cash.


Nevertheless, govt contribution in terms of increase in money supply in the economy of recent has really been on the low the need for more injection rather than withdrawal.

In conclusion, there is an urgent need for an automatic stabilizer in the Nigerian economy for our balance of payment (BOP) to move from deficit to surplus, and if we are to record any positive change in years to come .

God bless Nigeria.

This is alarming

Jesusloveyou:
that is black man mentality, very lazy set of human beings

With the pressure and madness that come from living in Nigeria, if you don't unwind, you may die quicker than the general life expectancy age.

Don't blame those people, please. Life in Nigeria is hellish!

SoNature:


With the pressure and madness that come from living in Nigeria, if you don't unwind, you may die quicker than the general life expectancy age.

Don't blame those people, please. Life in Nigeria is hellish!

One of the reasons I go to cinema

Many people have a great misconception about then term "money in circulation"

Waiting to download clear versions of foreign movies takes a full two months.
I prefer going to the cinema because of the big screen, loud sound-effect.
It’s good to see Nigerians have embraced the cinema culture, it was long overdue.


[EDIT: Apr 29]
I will visit the cinema today.
Let me go see this Shazam movie.
I have waited all month.
The Avengers Endgame was too good of a movie to waste even hours waiting to see.
I highly recommend the film to comic book fans.

70% of the funds come from Yahoo. Both the guys and their girlfriends.