According to the Central Bank of Nigeria (CBN), Microfinance banks are companies licensed by the CBN to carry on the business of providing financial services such as savings and deposits, loans, domestic funds transfer, and non financial services to microfinance clients. The smallness of the loans or financial services rendered is what differentiates microfinance banks from the regular or bigger banks.

What are Microfinance Bank Loans?

Microfinance bank loans, on the other hand, are small loans granted to micro enterprises or individuals by microfinance banks based on the borrower’s cashflow. Important to note the keyword – borrower’s cashflow. Microfinance loans usually are based on the cashflow and the ability of the borrower to pay back.

Information available on the CBN website, as at 2022, shows that there are over 900 registered microfinance banks in Nigeria licensed to carry on the provision of small and micro financial services to small, micro businesses and individuals.

Some Prominent Microfinance Banks in Nigeria

Some of the bigger microfinance banks in Nigeria include;

Kuda Microfinance Bank

LAPO Microfinance Bank

ACCION Microfinance Bank

Assets Microfinance Bank

Mutual Trust Microfinance Bank

Fina Trust Microfinance Bank

VFD Microfinance Bank

Sparkle Microfinance Bank

BoI Microfinance Bank

If you are looking for a comprehensive list of microfinance banks licensed to operate in Nigeria you can check out the CBN’s list of microfinance banks.

Online Loans in Nigeria

Online lending in Nigeria has certainly passed its infancy stage and is now steadily on the rise with may players joining in the past few years.

In 2023  the Federal Competition and Consumer Protection Commission approved 173 loan apps and barred several other illegal ones. 119 of these 173 loan apps had full approval while the rest had conditional approvals. So this is certainly a competitive market/industry.

Some would argue that what gave rise to online loan apps is majorly due to the inability of the major commercial banks to provide easy, affordable loan products to their customers. This significant gap in the market is now being filled by lots of loan apps, a significant portion of which is provided by microfinance banks.

Microfinance Banks that Offer Instant Loans online

While we may not be able to give an exhaustive list of all microfinance bank loans in Nigeria we will highlight the major ones.

  1. Accion Microfinance: Accion offers quick online loans through its web and mobile apps up to N150,000.
  2. FairMoney: FairMoney Microfinance bank has a pretty decent mobile app through which customers/users can access loans. Customers can access personal loans of between N1,500 – N5m according to the information on their website. The FairMoney loan app is available on Playstore.
  3. Renmoney Microfinance Bank: Renmoney, with apps on both the playstore and the apple store, provides personal and business loans. For personal loans it says borrowers can borrow up to N6m while it can lend up to N15m for business loans with up to 24 months tenure
  4. Carbon Microfinance Bank: Carbon is one of the well known online lenders and changed its name from the previous – Paylater. Now a microfinance bank offering an array of financial services, online loans remain a key part of its offerings. It offers personal and SME loans. For it’s personal loans it can give the borrower up to N1m. For its’ business loan it may give up to N20m for borrowing businesses that meet its requirements.
  5. Primera Microfinance Bank: Primera is another microfinance bank that offers customers the opportunity to apply for and access loans through online channels. They provide payroll loans, small business loans, and agric loans.
  6. CIT Microfinance Bank: CIT microfinance bank offers personal and business loans through its online channels (app and website). Their loans include the CIT Instant cash, CIT salary advance, CIT SME loan etc.
  7. Mutual Trust Microfinance Bank: Mutual Trust has its mobile app available on the playstore and offers online loans eg the 10 hour prompt loan (for federal civil servants), and Mutual plus loans (for private sector employees).
  8. VFD Microfinance Bank: VFD through its Vbank mobile app (available on the App store and Playstore) offers loans to salary earners and entrepreneurs.
  9. AB Microfinance Bank: The bank offers micro loans and SME loans via its internet banking channels. Customers/users can request/apply for loan on their website or through the mobile app (on playstore and app store).

These are some of the microfinance banks that offer instant online loans (either through their apps or via their websites).

In the past few years there has been a proliferation of loan apps in Nigeria so it is normal to want to know which are the best loan apps for short term loans.

If you are looking for short term loans (not more than 3months – 6 months repayment) then this could be useful for you.

We have looked at all the various loan apps available in the personal loan space. We compared their public reviews, feedback from individuals who have used them and other online indices to arrive at this list.

Note this is not financial advice nor recommendation from Nairabrains. You are required to do your own diligence and NB will not be held liable for any action taken based on this list.

Now we have the disclaimer out of the way let’s proceed with the list of best loan apps for short term loans in Nigeria in 2023.

Carbon Loan

Formerly known as Paylater, Carbon is one of the most popular loan apps in Nigeria. It offers short-term loans of up to ₦1 million ($2,500) with interest rates ranging from 5% to 15%. The loan repayment period is between 30 days to 6 months.

The Carbon loan app is available on both the playstore and the apple store.


Branch offers short-term loans of up to ₦200,000 ($500) with interest rates ranging from 14% to 28%. The loan repayment period is between 4 weeks to 15 months. The app also offers a referral program that allows users to earn extra cash.


FairMoney offers short-term loans of up to ₦500,000 ($1,250) with interest rates ranging from 10% to 30%. The loan repayment period is between 1 month to 6 months. The app also offers bill payments and airtime recharge services.


Palmcredit offers short-term loans of up to ₦100,000 ($250) with interest rates ranging from 14% to 24%. The loan repayment period is between 14 days to 6 months. The app also offers a credit score service that helps users improve their credit rating.


Renmoney offers short-term loans of up to ₦4 million ($10,000) with interest rates ranging from 4% to 4.5%. The loan repayment period is between 3 months to 24 months. The app also offers savings and investment products.

It is important to note that before using any loan app, borrowers should carefully read the terms and conditions of the loan, and ensure that they can afford to repay the loan on time. Borrowers should also be aware of any fees or charges associated with the loan they intend to take.

Check our other articles on personal loans, business loans, loans without collateral etc



One of the challenges facing entrepreneurs or intending business owners in Africa is the lack of access to capital. Of course anyone can start small but some business ideas require some bit of capital, no matter how small, to get it off the ground and have a chance at success.

Asides sources of business funding like loans, investments etc there is one you can take advantage of as a budding African entrepreneur – grants.

What are Grants

Grants are usually non-repayable funds gifted by one party (usually government, non profit organisations, foundation or corporation) to a recipient who may be (but not at all times) a non-profit entity, educational organisation, business or an individual.

Thus business grants are non-repayable funds or other forms of support (financial or non financial) given to a receiving organisation or business to help it get its products/services to the market, expand or grow as the case may be.

So basically the idea of a business grant is to help the receiving business further their business goals or objectives.

Why Grants Can Be an Option for Your Business

Whether you are at the idea, product stage or already generating some revenue, grants can be a smart way to get the needed funds to grow your business.

Businesses that may need or be better suited to grants include;

  • businesses that can not easily be funded by angel investors or venture capital (eg small scale businesses that may not be very easy to scale to millions of dollars in revenue)
  • businesses that cannot take on debt funding (ie loans). Not every business owner is in a position to take business loans. Taking loans sometimes require conditions such as certain level of revenue, providing collateral etc which may be out of the reach of the average African entrepreneur

If you cannot take a loan, get investment for your business, then searching for and getting a grant could be the much better option for your business.

Sources of Grants for African Entrepreneurs and Business Owners

  1. Tony Elumelu Foundation Entrepreneurship Program: This entrepreneurship grant and training program founded by African billionaire and banking tycoon, Tony Elumelu, offers funding, training, and mentorship to African entrepreneurs. The application process is competitive, but successful applicants can receive up to $10,000 in seed capital. The Tony Elumelu Foundation Entrepreneurship Program has run since 2015 and has been the source of grants to thousands of business owners and entrepreneurs in Africa.
  2. African Development Bank Group: The bank offers various funding programs, including the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, which provides grants to youth-led businesses in Africa.
  3. Agence Française de Développement (AFD): AFD offers funding for small and medium-sized enterprises (SMEs) in Africa through its Proparco subsidiary. The funding is primarily focused on sustainable development.
  4. United States African Development Foundation (USADF): This organization offers grant funding to African entrepreneurs through its All Africa Business Development Competition. The competition is open to businesses in various sectors, including agriculture, energy, and healthcare.
  5. GrowthAfrica: This organization offers seed funding, mentorship, and training to African startups. The focus is on businesses with a social impact.
  6. The Seed Transformation Program: This program is run by the Stanford Graduate School of Business and provides funding and training to high-potential businesses in Africa.
  7. The African Women’s Development Fund (AWDF): This organization offers grants to African women entrepreneurs through its AWDF Grants program. The program provides funding to businesses in various sectors, including education, health, and agriculture.
  8. The Shell LiveWIRE program: This program provides funding and support to young entrepreneurs in Africa. The focus is on businesses in the energy sector.
  9. The Mastercard Foundation: The foundation offers funding and support to young entrepreneurs in Africa through its Young Africa Works program. The program is focused on businesses in the agriculture and hospitality sectors.
  10. The African Entrepreneurship Award: This program offers funding and mentorship to African entrepreneurs with innovative business ideas. The focus is on businesses that can create jobs and have a social impact.

Some of the grants are announced annually while for others there are no specific time for new grants.

Don’t want to miss out new sources, ideas of funding for your business? Scroll down to subscribe to the Nairabrains Newsletter 

The changing nature of technology and the proliferation of the social media has ushered in new ways of advertising such as Influencer marketing on Instagram.

The likes of Facebook, Instagram, Twitter, Tik Tok and the likes have huge members of users going into billions of dollars.

Due to this massiveness of usage, businesses are now moving into these social media platforms to advertise their goods due to its cheapness and the fact that advertising on these platforms will reach a wider audience.

With social media comes influencer marketing. Instagram is one of the most used platform for influencer marketing.

And this brand of marketing has become one of the useful tools used by businesses, both large and small to get customers for their products and services.

They pay influencers with large followers to market their goods using influencing marketing.

And the success of influencer marketing has been highlighted in a report by Hubspot.

Businesses that can benefit and has benefited from influencer marketing on Instagram will be further explored in this article.

  1. Health care

The health care industry has taken influencer marketing with all seriousness.

For them, it is not just about selling a product or offering a service (although that is the main reason they are advertising online) it is about informing the general public about their health.

Although health care organizations are careful with the kind of influencers they use, they rather go for online influencers who have a strong followership and reputation and sometimes they bring in practicing health officials and they have been able to grow a large following.

  1. Entertainment

The entertainment industry is quite massive and it includes comedians, artists, actors, dancers and the likes.

Entertainers use influencer marketing to promote their latest movies, albums and shows.

In order to ramp up views for movies and songs, musicians and movie directors pay influencers to use influence marketing to push their songs and movies so that people will listen and watch it.

The entertainment industry and social media go together and since most of the fans of these entertainers are online, there is always a need to carry out influencer marketing to push products.

  1. Fashion and Beauty

Globally, the beauty and fashion industry is said to be worth over 500 billion dollars.

No wonder influencers such as Huda beauty with over 49 million followers, Nikki de Jagger with 15.1 million followers are using their followership to promote the brands of beauty products.

Beauty companies like L’Oreal, Avon, Mary Kay, Kose, Chanel, Natura, Revlon all use influencer marketing to push their latest beauty products for the world to see and buy.

  1. Food

One of the biggest businesses on Instagram is food business.

And food business sells all over the world.

The more people eat, they more chefs emerge to make delicious meals to whet the appetite of their customers.

There are influencers whose job is only to promote food.

They don’t do any other influencing marketing for any other industry except for food.  Influencers like elavegan, memysmoothiesandlife, jancisrobin, themodernproper.

  1. Travel and Lifestyle

Traveling is one of the past time activities people engage in.

Travel agencies and countries whose source of revenue are from tourism makes use of influencer marketing to urge people to travel to their countries for a weekend getaway.

Countries such as Dubai is making use of influencers to convince people to travel to their country.

The Maldives also is not left out of this.

Murad Osman, with over 3 million followers is one of the most coveted and revered travel influencers.

The travel business has taken advantage of the power of the social media and influencer marketing to boost sales.

Businesses are using influencer marketing for many reasons. Apart from reaching a wider audience, they tend to ride on the trust and the integrity built by influencers to market their products.

Owners of social media platforms are happy with this because it is win win situation for all.

With the knowledge that there are millions of people using Instagram, businesses pay influencers with large followers to advertise their goods.

In return, when fans see notifications of a new post from their favorite influencers, they log on, thereby making money for the social media platforms, check out the product and if they like it they buy. Influencer marketing on Instagram has gradually become a pretty big marketing niche of its own.

Everybody goes home happy.

Importance of Feasibility Report

Before starting any business including Micro Scale Agro Processing Industry Feed Mill is it very important to do a feasibility study/report. A feasibility study is used to determine the viability of an idea. The objective of such a study is to ensure a project is legally and technically feasible and economically justifiable. It tells us whether a project is worth the investment.

A feasibility study evaluates the project’s potential for success; therefore, perceived objectivity is an important factor in the credibility of the study for potential investors and lending institutions. [Source: Wikipedia]


Micro Scale Agro Processing Industry Feed Mill is a small-scale business idea that focuses on processing animal feed to meet the growing demand for animal protein in Nigeria. The demand for animal feed is expected to rise as the population continues to grow, and the consumption of meat, eggs, and dairy products increases. This feasibility report aims to evaluate the viability of setting up a Micro Scale Agro Processing Industry Feed Mill in Nigeria.

Market Analysis

The demand for animal feed in Nigeria is high due to the large population and increasing demand for animal protein. The demand for animal feed is expected to increase as the population grows, and the consumption of meat, eggs, and dairy products increases. 80% of individual homes in Nigeria consume chicken and eggs on daily basis. Other major buyers are meat markets, cold rooms, supermarkets, hotels, restaurants. In Nigeria, the market for animal feed is dominated by imported feeds. This presents an opportunity for a Micro Scale Agro Processing Industry Feed Mill to produce locally made animal feed at an affordable price.

Technical Analysis

To set up a Micro Scale Agro Processing Industry Feed Mill, the following equipment would be required:

  1. Hammer Mill
  2. Mixer
  3. Pelletizing Machine
  4. Weighing Scale
  5. Bag Sewing Machine

The above equipment can be sourced locally, and the total cost of acquiring them is estimated to be around N3,500,000. The cost of setting up the feed mill facility is expected to be around N2,500,000.

Financial Analysis

The financial projections for the Micro Scale Agro Processing Industry Feed Mill are as follows:

  1. Total Capital Investment: N6,000,000
  2. Annual Turnover: N12,000,000
  3. Gross Profit Margin: 30%
  4. Annual Gross Profit: N3,600,000
  5. Net Profit Margin: 20%
  6. Annual Net Profit: N2,400,000

Based on the above financial projections, the Micro Scale Agro Processing Industry Feed Mill is expected to break even in the second year of operation.

Marketing and Sales Strategy

The Micro Scale Agro Processing Industry Feed Mill can market its products to small-scale livestock farmers, large-scale livestock farmers, and livestock feed distributors. The business can leverage social media platforms, agricultural fairs and exhibitions, and targeted email marketing to reach its target customers. The business can also offer discounts for bulk purchases and create a loyalty program to retain customers.


Based on the market analysis, technical analysis, financial analysis, and marketing strategy, it is feasible to set up a Micro Scale Agro Processing Industry Feed Mill in Nigeria. The business has the potential to generate revenue and create employment opportunities. However, the success of the business will depend on the effectiveness of its marketing and sales strategy, and its ability to produce high-quality animal feed at an affordable price.

Building a large business without raising capital is kind of a big deal. Anyone who has tried starting and growing a business knows, firsthand, how tough it can be.

So is it possible to build a billion dollar business without raising a dime in outside investment?

Tough but doable.

There are examples of several business people who were able to start and grow their own business to billions of dollars in value without raising money from investors.

There are several companies that have been sold for billions without raising outside capital. Here are some examples:

  1. WhatsApp: In 2014, Facebook acquired WhatsApp for $19 billion. WhatsApp had not raised any outside funding prior to the acquisition.
  2. Zappos: Amazon acquired Zappos for $1.2 billion in 2009. Zappos had previously raised some venture capital funding, but the company was profitable at the time of the acquisition.
  3. Spanx: In 2018, Spanx founder Sara Blakely became a billionaire when she sold a majority stake in her company to Blackstone. Spanx had never raised outside capital prior to the sale.
  4. Epic Games: In 2021, Epic Games raised $1 billion in funding from investors including Sony, but the company had already achieved a valuation of $17.3 billion prior to the funding round. Epic Games had not raised any outside capital before 2012.
  5. Patagonia: In 2020, the founder of Patagonia, Yvon Chouinard, transferred 100% ownership of the company to a benefit corporation. Patagonia had never raised any outside capital.

These are just a few examples of companies that have been sold for billions without raising outside capital. There are likely many more such companies, especially in industries where it is easier to achieve profitability without significant capital expenditures.

If you have ever been a victim of fake or counterfeit currency notes before then you know how painful it can be to suddenly realise what you have is not real money.

My first experience of fake/counterfeit money was during my University days. I went to a nearby store to buy a few items I needed. After making purchases and making with cash I made to leave only for the store owner to call me back.

“This is fake money”, he said.

I couldn’t quite understand what he meant by that. He went on to explain that the N1,000 I gave him was a counterfeit.

There are several ways to detect fake or counterfeit currency notes. Here are some of the most common methods:

  1. Watermark: Most currency notes have a watermark that becomes visible when held up to the light. This is a design element that is difficult to replicate.
  2. Security thread: Most currency notes also have a security thread that runs through the note. This thread is visible when held up to the light and has text or images that are difficult to replicate.
  3. Microprinting: Currency notes have very small text that is difficult to reproduce. This text is often used in borderlines, numerals, and other parts of the design.
  4. Ultraviolet light: Currency notes have special markings that are visible only under ultraviolet light. These markings are difficult to replicate and can reveal whether a note is fake or not.
  5. Color-shifting ink: Some currency notes have ink that appears to change color when the note is tilted. This is a design element that is difficult to replicate.
  6. Texture and feel: Currency notes have a specific texture and feel that is difficult to reproduce. Counterfeit notes may feel smoother or rougher than genuine notes.
  7. Serial number: Check the serial number on the note, as counterfeiters may often forget to change this detail.

It’s important to note that no single method is foolproof and the best way to detect fake notes is to use a combination of these methods. If you suspect a note is fake, compare it to a genuine note and report it to the authorities if necessary.

There are certainly good African countries to live and work in.

We take a look at the top 8 countries in Africa to live or work in, as gathered from expats, migrant workers and tourists.

1. Mauritius

The small island country known for its lagoons, beaches and reefs. In 2020 the World Bank officially classified Mauritius as a high income country. The country has low taxes, no inheritance or capital gains tax. Little wonder it ranks high in the list of African countries to live and work in.

2. Seychelles

The country consists of 115 islands in the Indian Ocean  off East Africa. It has many beache, reefs and is home to several rare animals such as the giant Aldabra tortoises. Some of the tourist activities that are popular in Seychelles include snorkeling, diving, surfing. Its one of the world’s smallest countries and is relatively safe.

3. Botswana

Botswana is a landlocked country in the southern part of Africa, defined by the Kalahari desert and the Okavango delta. The country has a high adult literacy rate of over 86%. It has been consistently ranked as one of the least corrupt countries in the world by Transparency International. Botswana is well known for its national parks, game reserves and the country reserves around 38% of its total land mass to these.

4. Ghana

Ghana shares borders with Ivory Coast, Burkina Faso, and Togo while it spans the Gulf of Guinea, and the Atlantic Ocean to the south. Ghana has lush forests, diverse animal life and miles of sandy beaches. It’s one of the relatively most stable countries in the continent. Ghana was ranked among the most peaceful countries in Africa

5. Cape Verde

Cape Verde is an island country consisting of 10 volcanic islands. Quality of life ranks highest in the United Nations index of West Africa.

6. Namibia

Namibia is in southwest Africa and is home to diverse wildlife and a significant cheetah population. It is a higher middle income country rich in natural resources such as diamond, uranium, gold, zinc, copper etc.

7. Tunisia

Overall Tunisia is rated as one of the safest countries in Africa and one of the best value destinations. The country has a significant presence of over 3,000 foreign companies (which bodes well for working from the country). Tunisia has been ranked one of the best countries in North Africa in terms of use of digital tools for economic purposes, according to Africa’s Development Dynamics report.

8. Morocco

Morocco ranks 3rd in on the list of countries with the best quality of life in Africa. With a population of just about 37 million, commute time in the country is considered as ‘moderate’. Language and culture may be reasons why it may not be a very easy place to live or work in for many people. However overall the positives outweigh the negatives for anyone looking for best places to live or work in Africa.


The holidays may be months/weeks away but, but we can’t help counting down as we get closer to it. The days are long and we could use a little bit of Christmas cheer in their lives right now. So, we believe that it’s never too early to start shopping. As it takes some level of patience, research and a bit of expert advice in order to know how to fill up your shopping bags with some of the items you need to get for Christmas.

Here are some items you need to get right now for Christmas:

Wireless Earbuds

The first on our list is the wireless earbuds. We all hate separating our earpieces when they get tangled and that’s why we had to recommend one Christmas gift for everyone on your shopping list, which is the wireless earbuds. These earbuds are the perfect accessory that can serve as a companion while travelling, commuting,  and returning to work in a noisy office, but there have also been a few outstanding pairs released in 2021.

Portable Power Bank Charger

A power bank isn’t the most exciting Christmas gift you can find under the tree, but due to unforeseen circumstances like a power outage or when you are on a trip, it’s one of the most likely gifts to which will be very useful once Christmas has passed.

Instant Pot

Instant Pots are still trendy. They are just as useful and efficient as they were when they first emerged on the culinary scene, and they’re still one of our favourite Christmas gifts. So, when you go out to get one make sure you get one with multipurpose functions which can be your pressure cooker, slow cooker, rice cooker, food warmer and yoghurt maker.


Looking for ideas on what to get the favourite males in your life. Look no further, as the holidays are for relaxing, nothing speaks comfort as sweatpants. To get the best of your experience look for those that have quality, are cosy and good looking. Any guy would be glad to get them during the holidays.

Chef’s Knife

Wannabe chefs or actual chefs need a chef’s knife, as it is another great Christmas gift for cooks this holiday season. This is due to a large amount of meat you have to prepare for friends and family and you don’t want a knife that will make your work difficult. So, look for a knife with a sharp design, affordable and primed for cutting meat, veggies and more.

A Classic Journal Notebook

Despite being in the digital age, there is this feeling you get when you pen down your thoughts on a piece of paper. So, whether you’re writing down your deepest thoughts or scratching out a grocery list, a classic journal notebook is not only a practical Christmas gift but perfect for your parents, siblings and colleagues alike.

Weighted Blanket

The end of the year, and holiday season, is a perfect time to de-stress and get the beautiful sleep you deserve after working your butt off throughout the year. Weighted blankets are one of the best ways to get your desired result. Weighted blankets are making the waves right now and they are said to have therapeutic functions.

These blankets help stimulate the production of serotonin and decrease the production of the stress hormone, which is the perfect combination to help anyone drift off. Make sure you get a blanket that’s cooling, so you won’t overheat under the weight.


Crocs are making a comeback as everyone needs a quality house shoe or slipper. And even if the work-from-home lifestyle ended, these shoes will get plenty of use no matter what.

These fashionably ugly shoes will make a great Christmas gift for someone on your list. Not only are they ‘the in thing’, but they are also waterproof, lightweight and breathable, they leave your feet feeling dry and comfortable. They come with a heel strap that keeps your foot secure, and they’re very easy to clean.

If you’ve ever worn any of this you will know how comfortable they are.

Air Fryer

Ary fryers are the newest kid on the block and they are great to serve as gifts for a foodie loved one who loves being in the kitchen. When searching for a perfect air fryer look for those with numerous one-touch cooking functions for frying food to ideal crispiness without oil, a large capacity that can fit an entire 5-pound chicken and the removable basket inside is dishwasher-safe.

They are the rave of the moment as you can make many recipes with or without oil. This is a must-have for everyone who loves their health.

Scented Candle

No holiday shopping list would be complete without a scented candle. They have this exotic experience they make your guest have. And one way to liven up the mood in your mom’s house is with a scent-filled candle. So surprise her with something special and make her experience the warmth that comes with lighting a scented candle.


The past few years have seen Nigerian movies gain more exposure and prominence in the cinema. The following are top grossing Nigerian movies from cinema/screening revenue. The list covers movies that showed from 2000 till date.

  1. Omo Ghetto: The Saga – Directed by Funke Akindele, Omo Ghetto overtook The Wedding Party from the first spot. Omo Ghetto grossed N636,129,120 from the theatres/cinemas.
  2. The Wedding Party – The movie from EbonyLife Films grossed N453,000,000 from theatres.
  3. The Wedding Party 2 – The sequel to the Wedding Party. Made 433,197,377
  4. Chief Daddy – Another EbonyLife films movie. Grossed N387,540,749
  5. Sugar Rush – Kayode Kasum’s Sugar Rush pulled in N287,053,270
  6. King of Boys – produced by Kemi Adetiba, grossed N244,775,758
  7. Merrymen, The Real Yoruba Demons – N235,628,358
  8. Merrymen 2: Another Mission – 234,505,169
  9. Your Excellency – N186,340,948
  10. A Trip to Jamaica – N180,264,964