Best Record Labels in Nigeria are listed and explained one after the other in this article. You will find it helpful and informative.
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Ever since the music industry became very successful, so many people have leveraged the skills of music artists to build a brand for themselves.
Some of these people who are today known as record labels have grown so much that their worth today is millions of dollars.
Most music artists go to these record labels without a name but because of the prominence of the labels, they get to be known in a very little time compared to if they had launched out on their own.
In this article, we will look at some of the biggest and richest record labels that are in Nigeria:
Davido Music Worldwide Records
The name ‘Davido’ really is almost a family name because of the ace singer who is called by that name but only a few people know that he has the leading record label in Nigeria that is worth over Fifty Million Dollars ($50million), in this record label, so many successful musicians who have big names already are well-registered members.
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Founded by the Wealthy Don Jazzy on the 8th of May 2012, Mavin Records has waxed stronger in the managing of music artists and through this label, so many young musicians have found their way to the top listing in the music industry.
Presently, Mavin’s records are estimated to be worth over Forty-five Million Dollars ($45 Million) and have in its list of successful Musicians, Rema and Crayon, Johnny Drille, Dr. SID, and Korede Bello to mention just a few.
After years of being an artist in Banky W’s Record Label, Famous Ayo Balogun, (Popularly known as Wizkid) decided to form his own record label in 2013.
The establishment of the record label gave room to the birth of so many music stars who have found their way through the shadows of this great record label, today, Star boy entertainment is estimated to be worth over $43 Million dollars.
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Yahoo Boy No Laptop Nation
When you talk about record labels that take common men and turn them into superstars, YBNL nation can also be found on the list.
The record label picks up common boys on the street and makes them up to become men of great influence in the music industry.
YBNL is currently worth over forty million dollars ($40 Million) and the label is owned and managed by Olamide Badoo.
This record label was founded in the year 2005 and it is owned by another music guru who happens to be a very great rapper and lawyer, MI Abaga. Aside from being a great rapper and Lawyer, MI Abaga is also an entrepreneur and a social activist.
Chocolate City is a company that is made up of a record label, management Consulting Firm, Media, advertising and Event planning company.
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So many great artists that we hear of today in Nigeria are products of Chocolate City and some of them are; Ice Prince, Jesse Jagz, Brymo and a lot of other great stars. The company is worth over Twenty Nine Million Dollars ($29 Million).