The Cinema Exhibitors Association of Nigeria has generated N6.94 billion as revenue in 2022.
The CEAN National President, Mr Opeyemi Ajayi, said this in an interview with the News Agency of Nigeria in Lagos State.
Ajayi said that there had been an appreciable increase in revenue generation in 2022 compared with the previous years.
“The box office raked in N4.74 billion in 2021, N2.1 billion in 2020, N6.4 billion in 2019, and N5.98 billion in 2018.
“For 2022, the increase in average ticket price led to revenue growth and admissions remained flat in the previous year.
“Nigeria continues to lead the recovery in Africa, post COVID on the back of strong local industry. Also, Hollywood continues to focus on African content and engagement is very positive for the box office.
“We observed that “Black Panther” is on track to become the first N1bn movie,” he said.
Ajayi said that for 2023 outlook, gross…
