This ratings are usually based on media reports.However, some other yardsticks are used,this includes-the artist having his/her own label or signed to a label,duration of the artist in the music industry, numbers of hits released by the artist and how much sales he/she make on itunes.
BELLOW IS THE LIST ACCORDING TO THIS YEAR'S RANKING
An important factor that determines this is the amount of money earned from shows,features and tours.
1. P-square
the twins are well known in the industry and have been ranked as the richest artist in Africa in the past,they charge not below #7000000 and #8000000 and not less than #4000000 for a feature they have won awards like best tag teams of the year,MTV Base award and many more
2. Don Jazzy
the former boss of Mo'Hit all stars and currently
the Boss of Mavins Record sings,writes and produces song,he charges up
to #500,000 for production.
3. Flavour
The eastern based artist and writer have been on top of his game though his songs are indigenous in nature,he have been receiving credits from within and outside the country.his good physique is another thing that turns the girls on,his currently under the endorsement of MTN, he falls under number 3 in this years rating.
4. D-banj
The former mo'hit super star is still on it after a failed contract with Good Music owned by Kanye West is now on top of is game with hot single titled Emergency,he is the first to be endorsed by telecommunication company and the owner of Koko Holdings,he earns up to #6000000 t0 #7000000 Milz per show and up to #3000000 to #4000000 Milz to bless someones song (feature) he is also endorsed by Glo owned by a multimillionaire Mike Adenuga.
5. 2Baba
2face Idibia also called 2baba is an icon and a motivation to upcoming stars he owns a non Government Organization called SERVICE TO HUMANITY he is currently in an endorsement with Aitel Network and he charges about #4Million for a show he has won numerous awards including best single of the year, MTV Base awards and many more he is also into real Estate Management..
6. Davido
The boss of HKN gang and a son of a multimillionaire
is a very famous musician in Africa with a hit single with the black
American artist Meek Mill.he is under the endorsement of MTN and more.
7. Iyanya
A famous talent show winner MTN Project Fame in 2008, a
singer,writer, and the boss of Made Men music.He is currently under the
endorsement of MTN, Zinox cumputers and Solo Mobile
8. Wizkid
The boss of star boy record is real doing it big in
the industry signing big stars like R2BEE'S in his record featuring big
rapper and singer like Drake, he charges up to #5Million Naira per show.
9. Banky W
He is a multimillionaire boss and CEO of EME records.He is currently under the endorsement of Samsung Mobile For West Africa Region he is also endorsed by Etisalat and Ciroc managed by P Diddy.
10. Timaya
The egbeli papa 1 of Bayelsa is a big personality in the industry,he talks more about the ill treatment of the Niger Delta people in his songs and he currently the most famous musician from Niger Delta the his people are proud of him.He falls under the 10 position in this years ranking of the richest Nigerian musicians and he is currently the Boss of Dem Mama Records.
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