New Nigerian Cinema (also known as New Nollywood or New Wave) is an emerging phase in Nigerian cinema, in which there became a major shift in the method of film production, from the video format, which came about during the video boom, back to the cinema method, which constituted the films produced in the Golden era of Nigerian cinema history. The films in the New Wave are specifically characterized by improved narrative complexity, aesthetic nuance, much higher budgets and advanced overall production values, when compared to video films from the second generation of filmmakers. They are mostly released theatrically, although some are still released directly on DVD.
Since the early 2000s, several discussions and conferences have been held, based on how to revamp the Nigerian film industry and bring about more professionalism like it used to be in the golden era. During this time, some other filmmakers, such as Tunde Kelani and Tade Ogidan tried to make "break away" films, which were supposedly different from the norm. The now defunct Amstel Malta Box Office production company also made several films with the aim of making a difference. However, all of these films were also produced in the same video format that the other filmmakers used, albeit with quality stories and better directions. New Nigerian Cinema finally emerged in the mid-2000s with the release of films such as Irapada (2006) and The Amazing Grace (2006). The Figurine (2009) by Kunle Afolayan is generally regarded as the break out film, which heightened the media attention towards "New Nigerian Cinema" revolution, due to its critical and commercial success in Nigeria, as well as screenings in notable international film festivals.
Few years into the 2000s, Nigeria began to experience the growth of cinemas, which was initially structured for the middle and upper class. The Silverbird Group is the first company to launch a series of modern Cinema houses across major cities in Nigeria, mostly situated in affluent areas and districts. It launched its cinema chains in 2004, starting with the Silverbird Galleria in Victoria Island, Lagos. Not long after the establishment of Silverbird cinemas, Genesis Deluxe Cinemas and Ozone Cinemas were also launched, creating a competition in the cinema business. Much later, in the 2010s, Film House cinemas and Viva cinemas also came into the picture, leading into wider availability of cinemas in the country, and most importantly, availability outside the affluent neighbourhoods.