Increased Investment In Nigeria’s Entertainment Industry: Which Directions Are Most Popular In 2025

Nigeria has one of the fastest-growing entertainment and media (E&M) sectors globally, with Nollywood and the music industry leading. It has a compound annual growth rate (CAGR) of 8.6% and it’s expected to grow with the various forms of technology boosting its accessibility.

The entertainment industry in Nigeria has embraced digital technologies similar to other businesses, and they enjoy the convenience that comes with it. An example of an industry fully embracing digitisation is online gaming platforms such as live88.io.

Additionally, the Copyright Act of 2022 aims to protect all digital works. It tackles piracy and ensures the work aligns with global best practices. Nollywood also ranks as the second most productive in the world, with an estimated 2,500 movies released every year.

The music sector is also diverse and represented internationally by artists such as Davido and Wizkid through addictive sounds known as afrobeats, hip-hop and afro-fusion.

Price Waterhouse Coopers (PwC) estimates that the Nigerian E&M industry will generate around 12.1 billion Euros in revenue by the end of 2025. Already by 2023, the entertainment industry had contributed around 96 million euros to Nigeria’s GDP.

Possible Directions in 2025

The Nigerian entertainment industry has witnessed exponential growth in the last decade. Here are some factors that are likely to contribute to and continue the growth in investment in 2025 and beyond.

1. Better Mobile Services
In Africa, entertainment and media are driven by mobile services due to the low penetration of broadband. To sustain connectivity, there must be an expansion of 4G and 5G networks.

It’s expected that by 2026, 4G will overtake the 3G network in Nigeria. Social video is the main growth driver in the video sector through platforms like Instagram and TikTok.

In Nigeria gaming is also taking a significant portion of data. Online gaming has grown over the years as we see some of the finest gaming platforms using the most sophisticated online blackjack software. The shift towards mobile and digital platforms has been widely embraced in Africa.

2. Growth in Binge-Worthy Entertainment
There has been a rise in the popularity of platforms such as YouTube with some series and movies. Platforms such as YouTube offer viewers some free web-based content, and there’s likely to be more fresh content coming from these platforms with short films and series for people to enjoy.

These platforms are likely to become more popular as they allow new content creators to bypass the traditional systems by connecting with viewers directly.

In 2025, binge-worthy entertainment will continue to grow as people enjoy the diversity these platforms provide. Creators also no longer have to worry about finding their next big break as they focus on creating global followers to monetize their work.

3. More Diverse Afrobeats
Afrobeats are Nigeria’s signature in the music industry. In 2024, they were a great cultural export for artists such as Burna Boy and Tems as they collaborated with some of Hollywood’s best.

In 2025, there’s likely to be more diversification, and the influence of this music will expand. New genres are also likely to be born as more artists around the world infuse Nigerian sounds into their music.

These collaborations will give rise to creative freedom, meaning more flexible contracts will be needed to ensure record labels stay in business.

4. Global Collides with Local
Local has become the new global as we see some Nigerian films trending globally and also on platforms such as Netflix. People are likely to enjoy more films that are rooted in Nigerian culture as they learn all about it. More platforms, such as Showmax, are likely to invest in localised Nigerian stories to share with the rest of the world.

Platforms are likely to invest as they enjoy the authenticity of the productions depicting Nigerian culture. They’re likely to be producers negotiating terms that maximise royalties for creators. Creators will also work with international consultants to refine their storytelling for a more global appeal.

5. The Combo: Entertainment and Web3
In 2024, blockchain technology and NFTs gained popularity, and there’s likely to be a much wider adoption of these two. These systems can be used to ticket concerts or even create exclusive content. Web3 can empower entertainers to bypass traditional Gatekeepers to connect directly with their fans.

Since the legal framework of these is still unclear as the technologies evolve, lawyers will be tasked with drafting agreements that can cover any revenue streams generated.

6. An Evolution in the Influencer
Brands will prefer to work with creators with values that align with their companies. This means that the brand should focus on quality rather than quantity to avoid cases of public backlash.

Such partnerships will be approached with caution by most investors to ensure all ethical guidelines are followed. This means they will focus on ensuring that these campaigns enhance both the brand and the influencer.

7. Bigger and Better Live Experiences
Live concerts are likely to be bigger, more tech driven and highly massive. These concepts are likely to use technologies such as augmented reality (AR) and virtual reality (VR) to create real-time audience participation.

Some of the biggest artists are likely to be sold out in seconds, considering that people can use technology to purchase their tickets. On the other hand, platforms such as Spotify have had high numbers of people streaming and it’s reported the highest record being Nigerian artists.

8. A Growth in Internet Advertising
Advertising is an essential element for any industry. Internet advertising has become exceptionally popular in Nigeria due to the increased internet accessibility and digital platform adoption. This trend is also likely to grow within the entertainment industry.

Internet advertising is likely to lead, with ad spend that’s already accounting for 68% of total revenue.

FAQs

What is the compound annual growth rate (CAGR) of the entertainment industry?

Currently, as of 2025, the CAGR of the Nigerian entertainment industry is 8.6%.

What is the estimated amount to be generated by the entertainment industry by 2026?

The entertainment industry is expected to generate around 12.1 billion euros by 2026.

What has driven the growth of the entertainment industry in Nigeria?

Alleged Defamation: Court Strikes Out Falana’s Suit Against VDM

A Lagos High Court sitting in Ikeja on Tuesday struck out the defamation suit filed against blogger Martins Otse, also known as Verydarkblackman (VDM).

Senior Advocate of Nigeria, Femi Falana; and his son, Folarin popularly known as Falz; had filed the defamation suit against VDM following the comments and video he published on September 24, 2024 on his social media handles and pages.

The Falanas had dragged the defendant before the court in separate suits, claiming N500 million each as damages over a video he posted on his social media platforms alleging that they collected N10 million from Idris Okuneye, a.k.a Bobrisky, to pervert the cause of justice.

COMBO PHOTO of VeryDarkMan (L) and Bobrisky (R)

In their suits, the father and son submitted that the defendant knew all his comments were unverified and not true, yet he proceeded to publish same to injure their reputation recklessly.

READ ALSO: Refund ₦300m Rivers Money Now, Adegboruwa Tells NBA

They also stated that the alleged defamatory publication is still trending on the defendants online handles and pages and as such, the injury to their reputation continues as long as the publication remains online.

When the case was called on Tuesday, Falana, his son, and VDM were absent in court.

However, counsel for the respondent, Niyi Alagbe, holding brief for Marvin Omorogbe, informed the court that he had earlier filed an application for stay of proceeding before Justice Fimisola Azeez.

Counsel for the Falanas, Omotayo Olatunbosun, in his response, informed the court that he received the said application on Monday about 4:15 p.m.

Olatunbosun argued that the matter of the day was the preliminary objection, which he said was ripe for hearing and that the new application was meant to prolong matters.

Olatunbosun urged the judge to proceed with the business of the day.

Justice Matthias Dawodu said the application in question was not in the file and wondered why he was being troubled with the case when the substantive suit was before another court.

Dawodu struck out the suit and held that insistence on going ahead with the suit would be an academic exercise since the substantive suit was before another judge.

Hermes Overtakes LVMH As World’s Most Valuable Luxury Group

French group Hermes overtook LVMH as the world’s most valuable luxury company on Tuesday after shares in the Louis Vuitton maker tumbled following weaker-than-expected quarterly sales.

The market capitalisation of Hermes reached 248.6 billion euros ($280.5 billion) at the close of trading in Paris, topping LVMH’s 244.4 billion euros.

LVMH shares sank 7.8 percent a day after the group owned by Europe’s wealthiest man, Bernard Arnault, reported a two percent drop in first quarter sales to 20.3 billion euros.

The producer of Louis Vuitton bags and Dom Perignon champagne reported a slight decline in US sales, where it generates a quarter of its revenue.

Alleged N1.3b Fraud: Staying Silent For 20 Years Nearly Cost Me Everything — Peter Okoye

Nigerian music star, Peter Okoye, also known as Mr P, has spoken again about the alleged betrayal and financial misappropriation by his elder brother and former manager, Jude Okoye, saying it took him over two decades to speak up — and the delay nearly cost him everything.

Just hours after testifying before the Federal High Court in Lagos on Monday, Mr P, in an X statement, shared a deeply personal post about enduring years of silence under the guise of family loyalty.

“Don’t let ‘family’ be the reason you’re drowning in silence. I did — for over 20 years plus. And it almost cost me everything,” Peter wrote. “But now I know better — love doesn’t manipulate, loyalty doesn’t betray, and family does not steal from you. Family that steals and breaks you isn’t family at all.”

The 43-year-old singer continued, “A real family doesn’t drain you, shame you, discriminate against you, or ignore your pain. My sanity matters. My mental health is a priority. If it costs my mental health, then it’s too expensive.”

P-Square Royalties, Tampered Records

Jude, Peter, and Paul Okoye

On Monday, at the Federal High Court in Lagos, Peter alleged that Jude had covertly registered Northside Music Limited to collect and control digital royalties from their group, P-Square, without the knowledge or consent of its members.

Peter, appearing before Justice Alexander Owoeye, said he only discovered the company while investigating royalty discrepancies years after the group’s initial split in 2017. He revealed that the company was registered under Jude’s name and his wife’s — with her holding 80% ownership.

“All our earnings from P-Square were funnelled into accounts controlled solely by Jude,” Peter claimed. “From 2017 to 2021, when we were apart, I had no access to anything. Jude was the only signatory,” he added.

READ ALSO: [Alleged N1.3bn Fraud:] P-Square’s Peter Testifies In Case Against Brother

The singer further alleged that backend royalty data had been manipulated, significantly reducing the value of their catalogue. “What used to bring in $8,000 per month was now reduced to about $500. When I asked for financial records, I was told my money was with people in South Africa,” he stated.

According to him, this lack of transparency cost them not just revenue but also business opportunities. “I wasn’t even asking for the money — just access to our data,” Peter explained.

Suspicious of foul play, he consulted lawyer Festus Keyamo, SAN (now Aviation Minister), who suggested a revenue-sharing formula. When that failed, he hired another lawyer, Mr Afolabi, and submitted a petition to the Economic and Financial Crimes Commission (EFCC).

Northside Music, Property Dealings

One of the charges levelled against Jude and Northside Music Ltd. is the alleged purchase of an Ikoyi property worth ₦850 million, using funds suspected to be proceeds of crime — a violation of the Money Laundering (Prevention and Prohibition) Act, 2022.

Another charge accuses Jude of converting over $1 million through a Bureau De Change, allegedly using Nigerian bank accounts to conceal the origin of the funds. The EFCC claims that Jude’s actions show a pattern of deliberate financial concealment. He has pleaded not guilty to all seven charges.

Peter said he discovered more “red flags” when potential buyers expressed interest in acquiring P-Square’s music catalogue in 2022. The resulting checks revealed tampered backend data, previously hidden transactions, and dual aggregator connections — both for P-Square and Jude’s company.

Peter is expected to be cross-examined when the trial continues on 4 June.

Background

Jude’s legal troubles began after his younger brother, Peter, filed a petition with the EFCC accusing him of mismanaging digital royalties from their former music group, P-Square.

On 26 February, the EFCC alleged that Jude had dishonestly converted funds meant for Peter, including large sums in dollars and pounds from companies like Lex Records Limited, Kobalt Music, and Mtech Limited. These payments were said to be royalties earned from P-Square’s digital music catalogue.

Jude is now standing trial alongside his company, Northside Music Limited, on a seven-count charge of money laundering. One of the charges alleges that in 2022, he and his company used money suspected to be from illegal sources to purchase a luxury property in Ikoyi, Lagos, worth ₦850 million. The charge states that Jude “did directly acquire a landed property known as No 5, Tony Eromosele Street, Parkview Estate, Ikoyi, Lagos… which money you knew or reasonably ought to have known forms part of proceeds of unlawful act.”

Another charge accuses him of converting $1,019,762.87 through a Bureau De Change and transferring the funds into several Nigerian bank accounts in an effort to hide their true origin. According to the EFCC, this was done “with the aim of disguising or concealing the illicit origin of the funds.”

The EFCC maintains that these actions violate the Money Laundering (Prevention and Prohibition) Act, 2022. Jude has denied all allegations and pleaded not guilty.

Alleged N1.3b Fraud: Staying Silent For 20 Years Nearly Cost Me Everything — Peter Okoye

Nigerian music star, Peter Okoye, also known as Mr P, has spoken again about the alleged betrayal and financial misappropriation by his elder brother and former manager, Jude Okoye, saying it took him over two decades to speak up — and the delay nearly cost him everything.

Just hours after testifying before the Federal High Court in Lagos on Monday, Mr P, in an X statement, shared a deeply personal post about enduring years of silence under the guise of family loyalty.

“Don’t let ‘family’ be the reason you’re drowning in silence. I did — for over 20 years plus. And it almost cost me everything,” Peter wrote. “But now I know better — love doesn’t manipulate, loyalty doesn’t betray, and family does not steal from you. Family that steals and breaks you isn’t family at all.”

The 43-year-old singer continued, “A real family doesn’t drain you, shame you, discriminate against you, or ignore your pain. My sanity matters. My mental health is a priority. If it costs my mental health, then it’s too expensive.”

P-Square Royalties, Tampered Records

Jude, Peter, and Paul Okoye

On Monday, at the Federal High Court in Lagos, Peter alleged that Jude had covertly registered Northside Music Limited to collect and control digital royalties from their group, P-Square, without the knowledge or consent of its members.

Peter, appearing before Justice Alexander Owoeye, said he only discovered the company while investigating royalty discrepancies years after the group’s initial split in 2017. He revealed that the company was registered under Jude’s name and his wife’s — with her holding 80% ownership.

“All our earnings from P-Square were funnelled into accounts controlled solely by Jude,” Peter claimed. “From 2017 to 2021, when we were apart, I had no access to anything. Jude was the only signatory,” he added.

READ ALSO: [Alleged N1.3bn Fraud:] P-Square’s Peter Testifies In Case Against Brother

The singer further alleged that backend royalty data had been manipulated, significantly reducing the value of their catalogue. “What used to bring in $8,000 per month was now reduced to about $500. When I asked for financial records, I was told my money was with people in South Africa,” he stated.

According to him, this lack of transparency cost them not just revenue but also business opportunities. “I wasn’t even asking for the money — just access to our data,” Peter explained.

Suspicious of foul play, he consulted lawyer Festus Keyamo, SAN (now Aviation Minister), who suggested a revenue-sharing formula. When that failed, he hired another lawyer, Mr Afolabi, and submitted a petition to the Economic and Financial Crimes Commission (EFCC).

Northside Music, Property Dealings

One of the charges levelled against Jude and Northside Music Ltd. is the alleged purchase of an Ikoyi property worth ₦850 million, using funds suspected to be proceeds of crime — a violation of the Money Laundering (Prevention and Prohibition) Act, 2022.

Another charge accuses Jude of converting over $1 million through a Bureau De Change, allegedly using Nigerian bank accounts to conceal the origin of the funds. The EFCC claims that Jude’s actions show a pattern of deliberate financial concealment. He has pleaded not guilty to all seven charges.

Peter said he discovered more “red flags” when potential buyers expressed interest in acquiring P-Square’s music catalogue in 2022. The resulting checks revealed tampered backend data, previously hidden transactions, and dual aggregator connections — both for P-Square and Jude’s company.

Peter is expected to be cross-examined when the trial continues on 4 June.

Background

Jude’s legal troubles began after his younger brother, Peter, filed a petition with the EFCC accusing him of mismanaging digital royalties from their former music group, P-Square.

On 26 February, the EFCC alleged that Jude had dishonestly converted funds meant for Peter, including large sums in dollars and pounds from companies like Lex Records Limited, Kobalt Music, and Mtech Limited. These payments were said to be royalties earned from P-Square’s digital music catalogue.

Jude is now standing trial alongside his company, Northside Music Limited, on a seven-count charge of money laundering. One of the charges alleges that in 2022, he and his company used money suspected to be from illegal sources to purchase a luxury property in Ikoyi, Lagos, worth ₦850 million. The charge states that Jude “did directly acquire a landed property known as No 5, Tony Eromosele Street, Parkview Estate, Ikoyi, Lagos… which money you knew or reasonably ought to have known forms part of proceeds of unlawful act.”

Another charge accuses him of converting $1,019,762.87 through a Bureau De Change and transferring the funds into several Nigerian bank accounts in an effort to hide their true origin. According to the EFCC, this was done “with the aim of disguising or concealing the illicit origin of the funds.”

The EFCC maintains that these actions violate the Money Laundering (Prevention and Prohibition) Act, 2022. Jude has denied all allegations and pleaded not guilty.

Harvey Weinstein Retrial For Sex Crimes Begins In New York

Disgraced Hollywood mogul Harvey Weinstein’s retrial on rape and sex assault charges started Tuesday, forcing survivors who helped fire up the “#MeToo” movement to prepare to testify against him once more.

Weinstein’s 2020 conviction by a jury was overturned last year by an appeals court that ruled the way witnesses were handled in the original New York trial was unlawful.

The voiding of the jury’s verdict by the New York Court of Appeals was a setback to survivors of the #MeToo movement against sexual violence and the promotion of justice for survivors.

READ ALSO: Anguish, Weeping As Plateau Community Buries 51 Killed In Fresh Attack

Weinstein was wheeled in to court, and wore a dark blue suit and adjusted his tie as he took his seat at the defense table while the trial lawyers spoke to the judge.

The onetime Miramax studio boss was charged with the sexual assault of former production assistant Mimi Haleyi in 2006, the rape of aspiring actress Jessica Mann in 2013, and a new count for an alleged sexual assault in 2006 at a hotel in Manhattan.

Haleyi and Mann testified in the earlier trial, sharing graphic testimony of their interactions with Weinstein.

Lindsay Goldbrum, a lawyer for the unnamed woman who brought the new complaint, told reporters outside court that “she had the honor of representing an incredible woman.”

“They are going to ensure Weinstein is held accountable for his heinous crimes against women,” she said.

“The fact they are going to testify again is testimony to their bravery.”

Jury selection in the new trial, which overall is expected to last up to six weeks in a Manhattan criminal court, began Tuesday and could take until next week.

Weinstein, 73, said he hopes the case will be judged with “fresh eyes,” more than seven years after investigations by the New York Times and the New Yorker led to his spectacular downfall and a global backlash against predatory abusers.

Weinstein is serving a 16-year prison sentence after being convicted on separate charges in California in 2023 for raping and assaulting a European actor a decade prior.

 ‘Fry Harvey’?

The producer of a string of box office hits like “Sex, Lies and Videotape,” “Pulp Fiction” and “Shakespeare in Love,” Weinstein has appeared frail and gaunt at recent courtroom hearings ahead of the trial.

“It’ll be very, very different because of the attitude of New York City, New York state and, I think, the overall country,” said his lawyer Arthur Aidala.

“Five years ago, when you guys were here, there were protests. There were people chanting: ‘Fry Harvey, he’s a rapist’… I think that, overall, has died down,” he said, adding that he hoped jurors would try the case on its merits.

Aidala separately told Fox 5 Monday that Weinstein had several ailments, including a “horrible infection in his mouth, his throat — and he’s struggling to speak, and when you’re about to go on trial you need to communicate with your lawyer.”

Weinstein has never acknowledged any wrongdoing and has always maintained that the encounters were consensual.

Accusers describe the movie mogul as a predator who used his perch atop the cinema industry to pressure talent and assistants for sexual favors, often in hotel rooms.

Since his downfall, Weinstein has been accused of harassment, sexual assault or rape by more than 80 women, including actors Angelina Jolie, Gwyneth Paltrow, Lupita Nyong’o and Ashley Judd.

In 2020, a jury of New Yorkers found Weinstein guilty of two out of five charges — the sexual assault of Haleyi and the rape of Mann.

But the conviction and the 23-year prison sentence were overturned in April 2024.

In a hotly debated four-to-three decision, New York’s appeals court ruled that jurors should not have heard testimonies of victims about sexual assaults for which Harvey Weinstein was not indicted.

The three survivors of Weinstein’s alleged crimes are expected to testify once again.

“I’m going on jury duty — I hope I don’t get that (trial),” said a woman smoking a cigarette outside the courthouse.