News
Top 10 RICHEST Musicians In Nigeria And Their Net Worth – 2019
Nigerian musicians are some of the richest musicians around the world. Some of them like Davido, Wizkid are known for buying some of their luxury items in cash whether in Naira, Dollar or Pounds.
Besides the Music Industry in Nigeria is so lucrative that making a monster hit can easily through you into a millionaire status if you weren’t already one. That explains why some of our music stars flaunt their affluence on social media.
Do you wonder how much much your favourite Nigerian musician is worth? Then you are reading just the right article, as we will outline the top 10 richest musicians in Nigeria and their estimated net worth in Naira.
The figures of their net worth are drawn from cumulative wealth, gig fee, endorsements and probable investments by these artists in the past 12 months.
Below is the ranking of Nigerian music stars according to their net worth.

10. Banky W
On the 10th spot is Mr. Olubankole Wellington widely known by his stage name Banky W. The R&B singer is a top Nigerian artiste who commands both influence and the money too. Last year the EME boss declared his interest to run for the office of the Member House of Representatives for Eti-Osa Federal Constituency. He did run and came 1st runner up on the platform of a relatively unknown party. Before the politics, Banky W has huge brand influencer and ambassador for multinational companies like Samsung, Uber, etc with benefits running in millions. He is happily married and has other interest in acting, film production, event host, and public speaking. His estimated net worth is put to be around N1.5 billion.

9. Flavour
Contemporary highlife king Flavour takes the next slot right after Banky W. The ‘Ada Ada’ crooner is a big toast in Eastern Nigeria where he hails from. Flavour is one of the busiest Nigerian music stars as he plays at least 3 to 7 shows every week with a high service charge. The athletic singer is a brand ambassador for Bullet Energy drink, Life Lager Beer, etc. The estimated net worth of Flavour is pegged at around N3.7 billion.

8. Timaya
Nigerian dancehall star Enitimi Alfred Odom better know as Timaya takes the number 8 position in our ranking. The DM Records boss tries to keep a low profile but he is very much as far as entertainment in Nigeria is concerned. The Bayelsa born singer according to insiders takes home about 8 million Naira to do his job at any occasion he is called upon to perform. At the moment the ‘Balance‘ crooner has running endorsements deals with Nigerian TeleCo Glo and Cognac brand Hennessy all worth several millions of Naira. A few months back to last December the singer was buying new cars for his associates and himself to celebrate the festivities. Timaya’s estimated net worth is put at N5 billion.

7. Rudeboy (Paul Okoye)
Paul Okoye aka Rudeboy is a former member of the sensational music duo Psquare. He occupies the number 7 spot. Paul Okoye and his brother Peter used to rule the African music scene until they split two years ago. PSquare was among the top three richest musicians in Africa before the separation. The music group used to charge the highest fee for a gig by any Nigerian artist, that has somehow changed as he stands alone. These days, the ‘Reason With Me‘ hitmaker embarks on tours across Europe and America with his brother and kills the shows notwithstanding. His estimated net worth valued at about N5.8 billion.

6. Mr. P (Peter Okoye)
It has been about two years since Peter and Paul Okoye former members of P Square split up. Before now the duo used to be higher up in the rankings as their net worth was calculated together. However, after the split Mr P still got the bag secured. The singer is a brand ambassador to brands like Olympic Milk, Kia Motors, Tecno, etc. The dancer cum singer has a new clothing line he calls ZIP, much of the business is awaiting official unveiling. As a solo artiste, he has toured Europe, America and has sold out shows which is very impressive. His estimated net worth is N5.9 billion.

5. 2Baba
This year 2Face aka 2Baba marked his 20 years of being in the Nigerian music industry in collaboration with Trace Naija. He is the 5th richest musician in Nigeria according to our list. The 43-year-old singer is very likeable by his colleagues both young and old. His goodwill and mature demeanour have made him a magnet of brand endorsement deal from the likes of Glo, Campari, etc. 2Baba who is also popular for his number of children is a top real estate investor, especially in the nightlife business. As a consistent hitmaker 2Baba’s net worth is estimated to be about 6 billion Naira.

4. D’banj
Dapo Daniel Oyebanjo aka D’banj is about the best Nigerian entertainer out there any time he takes the stage to perform. The DB Records boss is a consummate brand ambassador to multinational companies. He is the CEO of CREAM Platform, which was valued to be worth about $100,000,000 by an American firm. D’banj charges a fortune to mount the stage anywhere to perform a figure of about N6 million he also made a runway debut in Johannesburg, South Africa. Last year he gave a rousing show at Global Citizen Festival Mandela 100 in South Africa last December. He is worth an estimated figure of about 6.2 billion Naira.

3. Don Jazzy
Ace music producer Michael Ajereh Collins better known as Don Jazzy is the CEO of Mavin Records, a record label that has buzzing act like Rema, Korede Bello, Dr Sid, D’Prince, Johnny Drille, POE, and recently Crayon etc. Recently, Mavin Records received millions of dollars in investment from Kupanda Holdings to help it expand to Mavin Global. Don Jazzy is number three on our list and one of the richest musicians in Africa. The highly revered music maker has other businesses outside music. He is a brand ambassador for Scotch Whisky Johnnie Walker. The beat maker’s net worth is valued to be around N8.7 billion.

2. Davido
David Adeleke is easily one of the richest musicians in Nigeria and Africa. The DMW boss a big name In African entertainment and his bank account sure supports the fact. The past year has been exciting for the singer has he bagged several international awards, performed on international stages while selling out shows around the world. His song ‘Fall’ became the first African music video to hit 100,000,000 views on YouTube. The song also made it to Billboard R&B/Hip-Hop Airplay Charts. He has endorsement deals with Infinix Mobility, AXE perfume, Travelbeta etc. Davido’s estimated net worth is put at about 9.2 billion Naira.

1. Wizkid
Sitting at the number one spot as the richest Nigerian musician is Ayodeji Ibrahim Balogun widely known as Wizkid. The past 12 months have been interesting for the Starboy as he raked in some millions of dollars which takes him to the top of our list. Last year he was paid $681,200 to perform in India at a Royal wedding at Umaid Bhawan Palace. In 2018 Wizkid sold out his Nike Starboy jersey merch twice, modelled for Dolce & Gabbana in Italy and Moschino. The ‘Fever‘ crooner is a brand ambassador for vodka brand Ciroc and he has customized Starboy Ciroc bottles. And for the record, the singer sold out the 20,000 capacity O2 Arena, London for his Afro Republik concert. Wizkid is one of the richest musicians in Africa according to Forbes ranking. His net worth has jumped in the past 12 months and it is estimated to be at about 9.8 billion Naira.
SOURCE: JAGUDA.COM
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Abuja
Mercedes G63 Kills Six Cows in Abuja Highway Crash
A luxury Mercedes-Benz G-Class G63 AMG was involved in a late-night crash on a major highway in Abuja, killing six cows and sparking renewed concerns over road safety and enforcement of grazing laws in the Federal Capital Territory.
The incident occurred around 8 p.m. on Monday,
according to eyewitness accounts, when the high-speed SUV collided with a herd of cows that had reportedly strayed onto the roadway. A video circulating on social media shows the aftermath, with the white cows lying across the dark highway as traffic officials worked to manage the situation.
As of the time of filing this report, there were no confirmed injuries to the driver or any passengers in the vehicle. Unverified reports on social media suggested that the SUV sustained only minor damage despite the severity of the collision.
The accident has reignited debates over the continued presence of cattle on major roads in Abuja, despite the 2017 ban on open grazing introduced by the Federal Capital Territory Administration. The policy was designed to curb frequent clashes between herders and communities, as well as prevent traffic disruptions and accidents caused by roaming livestock.
Residents and road users have repeatedly raised concerns about the enforcement of the grazing ban, noting that cows are still often seen along highways and within urban areas of the capital. Monday night’s crash is the latest in a series of such incidents, highlighting ongoing gaps in regulation and compliance.
Authorities are yet to release an official statement on the crash or confirm whether any action will be taken regarding the presence of the cattle on the highway.
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Jobs
Job Vancancy: Moniepoint Job Vacancies in Abuja and North Central Nigeria
Leading Nigerian fintech company Moniepoint has announced six new job openings across Abuja and several states in the North Central region, expanding its workforce in compliance, technical operations, sales, and security management.
The vacancies cut across multiple departments, reflecting the company’s continued growth in agent banking, SME solutions, and digital financial infrastructure services.
Available Positions
Field Risk & Internal Control Officer (North Central)
- Team: Compliance
- Location: FCT, Nigeria
The role focuses on monitoring operational risks, enforcing internal control standards, and ensuring compliance across field operations in the region.
Apply Here
Hardware Engineer
- Team: Advanced Technical Operations
- Location: FCT, Nigeria
Successful candidates will handle hardware installation, maintenance, troubleshooting, and technical support for field operations.
Apply Here
Implementation Officer (North Central)
- Team: Moniebook Business Management Tools
- Locations: Benue, Plateau, FCT
This role involves onboarding merchants and ensuring smooth deployment of Moniepoint’s business tools across assigned regions.
Apply Here
Inbound Sales Officer (Abuja)
- Team: Moniebook Business Management Tools
- Location: FCT, Nigeria
The position focuses on handling inbound customer inquiries, converting leads, and supporting sales growth for Moniepoint business solutions.
Apply Here
Regional Lead, Corporate Security (North)
- Team: Moniepoint MFB
- Locations: FCT, Kano
The role oversees corporate security operations, risk prevention strategies, and protection of company assets across northern Nigeria.
Apply Here
Regional Lead, Field Risk & Internal Control (North)
- Team: Compliance
- Location: FCT, Nigeria
This leadership position is responsible for coordinating regional risk management teams and strengthening internal control systems.
Apply Here
The hiring drive comes as fintech companies in Nigeria continue to expand their physical and digital operations across underserved regions, particularly in agent banking and SME support services.
Moniepoint, one of the fastest-growing fintech firms in the country, has steadily increased recruitment in technical, compliance, and field operations roles over the past year.
With these openings, Moniepoint is strengthening its presence in Abuja and northern Nigeria while scaling its financial services infrastructure across the country.
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Business
Nigerians Slam Moniepoint CEO Over ‘Talent Quality’ Remarks Amid Hiring Debate
Comments by Tosin Eniolorunda, CEO of Moniepoint, have sparked a heated debate online after he questioned the quality of Nigeria’s talent pool while discussing his company’s hiring challenges.
Speaking at the The Platform Nigeria on May 1, Eniolorunda said the fintech firm had advertised over 500 vacancies since 2024 but struggled to find qualified local candidates. He revealed that by 2025, the company reversed its local-only hiring policy due to the shortage.
“I used to feel Nigerians are really bright… but we are still struggling to find Nigerians to fill those roles. They don’t meet global standards,” he said, attributing the gap to factors such as social media distractions, cybercrime, hookup culture, and weaknesses in the education system.
Backlash and Counterarguments
His remarks triggered swift backlash from Nigerians, particularly within the tech community, with many accusing local companies of failing to invest in talent development.
Critics argued that unlike global firms, Nigerian tech companies rarely offer structured, paid internship programs or training pipelines to groom young professionals. Some pointed to examples of international companies like Oracle Corporation, where internships and early talent programs serve as entry points into full-time roles.
Others shared personal experiences of being rejected by local firms despite strong resumes, while noting that Nigerian professionals continue to secure roles in global companies such as Amazon.
A recurring sentiment online was that many Nigerian companies demand “global-standard talent” but are unwilling to offer competitive compensation or career development opportunities.
Industry Perspective
Supporters of Eniolorunda’s stance, however, pointed to the realities of scaling a fast-growing fintech company in a competitive global market. They cited brain drain, limited specialized skills, and increasing demand for top-tier expertise as genuine challenges facing Nigerian startups.
Analysts say the controversy highlights a broader issue within Nigeria’s tech ecosystem balancing expectations between employers and job seekers, while addressing gaps in education, training, and remuneration.
The debate mirrors ongoing tensions around talent development, compensation, and hiring practices in Nigeria’s fast-evolving tech sector.
As companies expand and compete globally, the question of how to build, retain, and fairly reward talent is likely to remain a central issue.
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News
Outrage as Soldier Assaults Journalist Over Traffic Dispute in Lagos
A Nigerian soldier has allegedly assaulted a journalist, Fakoyejo Olalekan, during a traffic control operation in Lagos State, triggering widespread public condemnation after video footage of the incident surfaced online.
The clash occurred on May 2 near Pleasant Event Centre in Ikeja, where personnel of the Nigerian Army were reportedly directing heavy traffic.
According to eyewitness accounts, the altercation began after Fakoyejo remarked to passengers that a soldier’s handling of a motorcyclist had caused an unnecessary delay. The comment allegedly angered one of the soldiers, who ordered everyone out of the vehicle.
The situation escalated when the soldier reportedly slapped and shoved the journalist, and briefly reached for a piece of wood before bystanders intervened to prevent further escalation.
Video clips circulating on social media show at least two soldiers involved in the confrontation. During the incident, Fakoyejo’s phone screen was also seen shattered on the pavement. No serious injuries were reported.
The footage has since triggered widespread criticism online, with many users calling for accountability and questioning the conduct of military personnel during civilian traffic enforcement duties.
As of May 4, the Nigerian Army had yet to issue an official response despite being tagged in multiple public complaints and posts about the incident.
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News
Outrage as DSS Arraigns Chidiebere Justice Mark Over Alleged Cybercrime, Military Incitement
The Department of State Services (DSS) on Monday arraigned Chidiebere Justice Mark, popularly known as Justice Crack, before the Federal High Court sitting in Abuja on a three-count charge bordering on cybercrime and alleged incitement against the military.
Mark was earlier arrested by the Nigerian Army over a viral video and accompanying statements he shared via his X (formerly Twitter) handle, @JusticeCrack, in which he reportedly alleged inadequate feeding of Nigerian soldiers.
According to the charge sheet, the defendant is accused of knowingly circulating false information intended to provoke public annoyance, ill will, and hatred among citizens.
Details of Charges
Count One alleges that on April 28, 2026, Mark disseminated information on social media regarding poor feeding conditions of Nigerian Army personnel, which authorities claim he knew to be false. The offence is said to contravene Section 24(1)(b) of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015 (as amended).
Count Two states that the accused published a viral video and statements about the Nigerian Army that triggered widespread negative reactions and were likely to cause fear and a breach of peace. This charge is brought under Section 59 of the Criminal Code Act.
Count Three accuses Mark of attempting to commit a felony by circulating what authorities described as derogatory content about the Army, also linked to potential public unrest, punishable under Section 509 of the Criminal Code Act.
Court Proceedings
Presiding judge, Joyce Abdulmalik, adjourned the case to May 25, 2026, for trial and possible hearing of a bail application. The court also ordered that the defendant be remanded in DSS custody pending further proceedings.
Public Reaction
The arraignment has sparked widespread reactions across social media, with civil rights advocates and concerned citizens debating issues around freedom of expression, national security, and the limits of online speech in Nigeria.
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