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Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa - Entertainment (3) - Nairaland

Nairaland ForumEntertainmentNightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa (18447 Views)

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Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Afolue(m): 4:37pm On Jan 11, 2025
Softmirror:
Most churches this days are not different from this night clubs I hope you know. Na just cover up using the name of Jesus. The kind of dance and indecent dressing ehn. And they make more money. If churches should declare the money they made this December alone it will be times 5 .
very true. If one should ask me what church do I want to go to on a Sunday, I go think so tey d Sunday sef go pas jejely..!
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Ebubu6: 4:49pm On Jan 11, 2025
SeverusSnape:
Money dey where e dey.
While most are complaining of hardship, Some are balling hard.
Those people returned from abroad, clubbed in Lagos with dollars and euros then visited their villages towards 27th 28th December
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Aikowen: 4:56pm On Jan 11, 2025
That amount is pretty underestimated
I know clubs that did 2B average in December alone
Talk of Zaza, Quilox and likes
So I'm sure the figure is way below
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Blazebond(m): 4:59pm On Jan 11, 2025
If the naira has value then this would have been good news but sadly the naira is shiiit and worthless and the inflated prices of goods is what actually made that sum to be like that and for your note,that 4 billion plus is way lower,I think the real sum is around 10 billion.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Zooposki(f): 5:03pm On Jan 11, 2025
yoruboid:
Lagos made more money when the rodents that keep wishing evil will befall the state left

The more they want Lagos to fail, the more Yorubaland keeps progressing
Did you read this? 👇🏾👇🏾

This surge was partly attributed to insecurity in southeastern Nigeria, which prompted many to prioritise the safer southwestern states.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Nwogeh: 5:06pm On Jan 11, 2025
People headed Lagos and West because of insecurity in the SE.

The research covered between Nov 26 to Dec 26. If you want to know effect of Igbos in Lagos...do research between Dec 26 to Jan 5th ... that's the period we travel for Christmas.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Lanruze:
1, The devaluation of the Naira was the major reason Dec. 2024 festivities remains the most impactful in the recent history of Nigerian tourism.

2, Asides from the major currencies like the $ ,€, ¥,£. Smaller African countries even in the CFA zone have their currencies almost double the value of the naira (1,000 CFA = N2,250)

3, CNN Africa reported in it's " Detty December" report that for the first time, the whole Africa stood still for Nigeria with an estimated 500,000 new visitors to Nigeria through Air & land alone.

4, The Big three (3) entertainment exports; Burna Boy, Wizkid and Davido added flavour to the season all with them buying brand new exotic cars triggering a frenzy of wealth, class and hope.

5, International stars like Kamaru Usman, Francis Nganonu, Anthony Joshua etc gave a good show as they spiced up the "Detty Dec".
Nigeria and Lagos State has finally become a tourist destination through the Naira devaluation.

6, Lagos State has become more attractive for tourist basically because of its low crime rate and relative peace. The Lagos State Security Trust Fund is unmatched in Nigeria with Air, Sea and Land components including helicopters, attack speed boats and patrol vehicles.

7, The Governor of Lagos, Babajide Sanwo Olu in his interview on TVC has promised that a more deliberate economy would be built around December festivities and it's value chain.

Other Nigerian states can cash in the frenzy for 2025 Dec.

Congratulations to Babajide Sanwo Olu, Congratulations to Nigerian Tourism.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by donself9: 5:17pm On Jan 11, 2025
Manny21:
And they sey money no dey
Money in the hands of few is literally Money no dey, if you check the ratio or % of those that spent that #4.2bn if e no reach 5% of naija population
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Okunoluwa: 5:19pm On Jan 11, 2025
Dshocker:
Young man not wasting money 🤣
leave me o😂
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by immortalcrown(m): 5:22pm On Jan 11, 2025
Pootle:
your ordinary orijin bitter wey you buy follow
When and where did I buy it?
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by TooMuchStuff: 5:24pm On Jan 11, 2025
yoruboid:
Lagos made more money when the rodents that keep wishing evil will befall the state left

The more they want Lagos to fail, the more Yorubaland keeps progressing
Shattaap..
Lagos belongs to Edo people.

We are coming to take back our seat 💺 🙌 😎 😀
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by jamafa: 5:29pm On Jan 11, 2025
THEDEEPSIGHT:
Just over $2 Million. Thats poor.
How much dem make for your state if e reach 10% of money made here 😂
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Pootle: 5:30pm On Jan 11, 2025
immortalcrown:
When and where did I buy it?
you no dey ball huh
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by immortalcrown(m): 5:32pm On Jan 11, 2025
Pootle:
you no dey ball huh
Answer my question before I answer yours because mine came before yours.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by THEDEEPSIGHT: 5:36pm On Jan 11, 2025
jamafa:
How much dem make for your state if e reach 10% of money made here 😂
And how do you assume I am not from Lagos?
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by chuksjuve(m): 5:41pm On Jan 11, 2025
Righteousness2:
No one is complaning or making noise now.

Once they Hear Church builds this or that, their veins and brains begins to stretch and Vibrate.

Generation of Iniquity and Evil Heading For DESTRUCTION !!!!
I agree with you 😁😁😁
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by lucianohase(m): 5:53pm On Jan 11, 2025
Ogunhuh??
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by stampo: 5:56pm On Jan 11, 2025
THEY DRINK ALCOHOL !!!!
AT NIGHT, THEY START TO DANCE AT NIGHT CLUBS!!!!

THEN THEY START TO DIE AT 43 !!!

THE PRIEST WILL COME AND SAY GOD CALLED THEM....

WHY IS GOD ALWAYS CALLING THEM AT 43 huh??
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by stanluiz(m): 6:20pm On Jan 11, 2025
bobby007:
they are in the village while Lagos is balling, they can go home we don’t need them
They are also balling in their villages.

What happen to una villages ? Oh, I guess all of you guys are from Lagos.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by olisaokere(m): 6:22pm On Jan 11, 2025
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by stanluiz(m): 6:27pm On Jan 11, 2025
Mervingreat:
Like play like play these peope are intelligently building their country out of a country and making their capital city attractive for future country to be born.

A deep word not for the simp mind.

How I wish some people could focus on their homeland and develop it than dragging land in Lagos, Abuja and Kaduna.

Mind you I didn't mentioned anybody name or city so if you quote me and talk anyhow that is your headache.
Igbos are also balling in their villages this festive seasons.

Igbos villages are the most developed in Nigeria. Have you heard of " Aku ru ulo " ?

What happen to your villages in osun, ogun , oyo ? While Lagos. It is because your villages are dead!! Nothing is going on there.

When was the last time you travel to your village ? You can't even locate your ancestral home in your village because it is dead.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by nedu666: 6:32pm On Jan 11, 2025
Rubbish analysis based on foolish imagination. Who counted the 1.2 million people who came to lagos. Second, since when did Nigerians coming home for Xmas for probably 2 weeks become tourists. Third, did any nightclub, hotel, eatery open their account books for verification. People should stop this nonsense detty December. This is not the first Xmas people are coming home
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by stanluiz(m): 6:37pm On Jan 11, 2025
3ice9ce:
Those who claim Lagos is always empty every December were busy paying ransom in their villages last December grin
lol, which ransom ? Maybe the one you paid for them.

Christmas in the east was full of funs and philanthropy activities to assist our people.

See how Anambra billionaire called Might Mighty did for his people in his village this Christmas. Something that can't happen in region
https://anambrapeople.com.ng/2024/12/30/anambra-billionaire-mighty-mighty-builds-20-houses-for-the-poor-gifts-them-1m-each-pic-video/

Many other wealthy people are doing it in the east this festive period.

Instead of you guys to develop your dead villages. All of you will be claiming lagosians cheesy
Did you travel to your village in oyo to celebrate Christmas ? You don't even know the road to your village. You can't locate your ancestral home , yet you are claiming lagosian
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Tendd: 6:43pm On Jan 11, 2025
On a personal level it's just a waste of money though it helps to boost the economy as well as job creation for the industry.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Ibime(m): 6:59pm On Jan 11, 2025
THEDEEPSIGHT:
Just over $2 Million. Thats poor.
Nigerians have a problem with arithmetic. They are looking at it like big money
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by 7upnigeria: 7:08pm On Jan 11, 2025
Softmirror:
Most churches this days are not different from this night clubs I hope you know. Na just cover up using the name of Jesus. The kind of dance and indecent dressing ehn. And they make more money. If churches should declare the money they made this December alone it will be times 5 .
At least they're not spots for sin or iniquity.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Softmirror: 7:11pm On Jan 11, 2025
7upnigeria:
At least they're not spots for sin or iniquity.
Partially.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by xyzando: 7:16pm On Jan 11, 2025
This is not surprising. The top three highest revenue generating industries in Nigeria are as follows:

1. Ashawo (this industry unarguably generates over N10 trillion yearly if Nigeria only decides to jettison its hypocrisy and embrace an unassailable fact that it is thriving successfully. I can state without contradiction that we currently have over 20 million oloshos across Nigeria when you consider a total female population of 110 million- majority of our female are youth. Olosho work is legal in most of Western Europe and they have less than one million registered ashawos generating billions of Pounds and Euros every year. Juxtapose this figure against Lagos State which currently has about 5 million ashawos. This is about 6 times more the number of ashawos in Western Europe. Lagos State even eclipses China which has 2 million registered ashawos in a female population of about 500 million females. What Nigeria needs to do is regulate ashawo business and open us up for sex tourism. With the current exchange rate, a randy European punter will get a good bang for his buck I.e. bundle tour package for 7 night covering hotel, feeding, drinks and one dozen ashawo of assorted sizes for less that $3,000.

2. Sports betting.

3. Entertainment (music, drinking, nightclubbing etc).

These three industries generate a higher Return on Investment than the Dangotes, Elumelus, Otedolas, Okoya etc as these billionaires invest billions before they make profit. In comparison, the highest investment an ashawo might undertake is BBL (N5m) which she can make back in four good nack dates without all the sweat and grey hair we saw Dangote experience.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by hafeeanubasy: 7:26pm On Jan 11, 2025
yoruboid:
Lagos made more money when the rodents that keep wishing evil will befall the state left

The more they want Lagos to fail, the more Yorubaland keeps progressing
IT EVEN HAPPENED AFTER THOSE PEOPLE "DONT INVEST IN LAGOS CAMPAIGN"
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by Konquest: 7:38pm On Jan 11, 2025
Islie:
Lagos, arguably Nigeria’s go-to entertainment hub, was the spotlight of the recently concluded “Detty December” with nightclubs in the state alone generating a staggering N4.32 billion ($2.7 million) during the period.

A new report by advisory firm MO Africa Company Limited analysed data from November 19 to December 26, highlighting how the city’s vibrant hospitality and tourism sectors attracted travelers from across the globe.

Lagos alone welcomed an estimated 1.2 million tourists, of which 60% were domestic travelers.


This surge was partly attributed to insecurity in southeastern Nigeria, which prompted many to prioritise the safer southwestern states.

Most arrivals came for leisure and tourism, further going on to lend credence to Lagos’ position as a pole destination for holiday revelers.

Preferred destinations in Nigeria, for visitors coming from the abroad, included Lagos, Edo, Delta, Ondo, and Ogun states.



Hospitality Boom

The influx of visitors drove record-breaking revenue across multiple sectors with hotels in Lagos reported to have generated an earning of N54 billion ($36 million) from 15,000 bookings in December. Short-term apartment rentals added another N21 billion ($13 million) from nearly 6,000 bookings. Short-let apartments charged an average nightly rate of N120,000 ($74.7).

Nightlife was another standout sector, with Lagos’ top 15 nightclubs generating a combined N4.32 billion ($2.7 million). Daily revenue for clubs averaged N360 million ($224,000), with premium tables fetching up to N1.2 million ($746.7) per night.


Beaches and resorts contributed proportionately as well, accounting for 70% of the N4.5 billion ($2.8 million) earned from recreational activities.

Event Centers and Luxury Rentals
Event centers hosted 1,175 bookings in December, yielding N1.2 billion ($804,000). Meanwhile, luxury car rentals saw a boom, with N1.5 billion ($937,500) spent on 750 bookings. High-end vehicles commanded daily rates ranging from N200,000 ($124.4) to N2 million ($1,244).

Kayode Omosebi, CEO of MO Africa Company Limited, says his team surveyed hotels, airports, short-let agents, and nightclubs to compile the data.

Omosebi noted the increasing reliance on cryptocurrency in Lagos’ hospitality sector.

“Eighty five percent of conversion to Naira and payments were done through this exchange platform. A number of bookings were done through agents rather than through booking platforms, which speaks to trust concerns and the power-play of agents in the industry.”


Looking ahead, Omosebi projected that ‘Detty December’ could bring in up to $2 billion in foreign exchange by 2026.

“The industry is evolving, and we would start seeing niche-focused hospitality and tourism experiences… There’s massive opportunity in bespoke event centers for concerts and shows,” he said.
https://www.vanguardngr.com/2025/01/nightclubs-in-lagos-raked-in-n4-32bn-for-detty-december-report/
Deep insights.

Hotels in Lagos alone generated 36 million USD during the "Detty December" time frame.

The top 15 night clubs in Lagos generated 2.7 million USD.
Re: Nightclubs In Lagos Raked In N4.32bn During Detty December – MO Africa by spiSeyi: 7:48pm On Jan 11, 2025
Righteousness2:
No one is complaning or making noise now.

Once they Hear Church builds this or that, their veins and brains begins to stretch and Vibrate.

Generation of Iniquity and Evil Heading For DESTRUCTION !!!!
The church is not built for money making but for soul winning . And ppl will complain when their donations were used to build schools that they can't afford to enroll their children. Nobody contributed anything for club owners undecided
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