Entertainment
Mr Eazi Reveals How He Lost ₦19m in Failed Diesel Business at 19
Nigerian singer and entrepreneur, Mr Eazi, has opened up about a major financial setback he suffered as a teenager, revealing that he once lost ₦19 million in a failed diesel business.
Speaking in a recent interview, the Banku Music pioneer said he went into the venture at just 19 years old after raising funds from his uncle, a doctor, and his wife in Nigeria. The money, which was equivalent to about £40,000 at the time, was invested with the hope of supplying diesel to telecommunications giant, MTN.
According to him, his friend’s father, popularly called OC’s dad, also contributed his life savings to the business. Together, they attempted to secure diesel through agents at the Apapa port in Lagos.
However, things went sour when deregulation of fuel prices hit shortly after the purchase. Prices crashed, their money got trapped, and the anticipated MTN deal fell through.
Mr Eazi explained that they were eventually forced to sell the diesel at a loss, disappointing their investors and leaving them with no chance of recovering the millions spent.
Despite the heavy blow, he described the experience as a turning point in his life, one that helped shape his entrepreneurial mindset and prepared him for the global success he would later achieve in music and business.
On social media, reactions trailed the revelation.
- @Araboriota said: “At 19 most people are still asking parents for pocket money. Even though the business failed, the experience Mr. Eazi gained was worth more than the ₦19m.”
- @Tumzy9 wrote: “I never still see 19 million.”
- @mayor_xxx added: “₦19m gone, but the experience turned him into the man he is now.”
- @BhadJayy commented: “₦19 million at 19, lol.”
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Afrobeats superstar David Adeleke, popularly known as Davido, has revealed that he considered stepping away from music before the release of his smash hit “With You” featuring Omah Lay.
In a recent interview making rounds on social media, the 14-year music veteran admitted he was on the verge of bowing out of the industry until the unexpected success of the record reignited his drive.
“We thank God. Thirteen or 14 years after, for me to have this kind of song… people have this kind of hit at the beginning or middle of their career. Me, that was even getting ready to bow out, then God gave me this kind of song. He definitely added more life to it,” Davido said.
The track, which appears on his latest 5ive album, has gone on to become the most streamed Nigerian song of 2025 on Spotify. It also bagged a nomination for “Song of the Year” at the 2025 AFRIMA Awards, topped the Official Nigeria Top 100, and broke into the top 5 Afrobeats songs on Billboard US.
The success of With You marks yet another career-defining moment for Davido, whose consistency and longevity continue to cement his place among Afrobeats’ global heavyweights.
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Oyinkansola Sarah Aderibigbe, better known as Ayra Starr, has officially crossed 3 billion streams across all credits on Spotify, marking a new milestone in her fast-rising career.
At just 22, Ayra Starr has carved her place among Afrobeats’ global heavyweights, joining the ranks of Wizkid, Burna Boy, Davido, Rema, and Tems who have each surpassed the multi-billion streaming benchmark.
The achievement underscores her meteoric rise in a relatively short span, with hit singles like Rush, Bloody Samaritan, and Commas driving her international reach. Her consistency and global presence have made her one of the leading female voices in the genre.
Ayra Starr’s growth comes as Afrobeats continues to gain ground worldwide. Wizkid currently leads the continent with over 9 billion streams, Burna Boy follows with 8.5 billion, while Rema’s global hit Calm Down pushed him past 3 billion. Tems broke barriers as the first Nigerian female artist to cross the mark, with Davido maintaining his stronghold in the streaming era.
For Ayra Starr, this milestone is only the beginning. With a growing international fanbase and a string of collaborations under her belt, the “Sabi Girl” looks poised to push Afrobeats even further onto the global stage.
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Popular comedian and streamer Shank Comics has dismissed speculations of rivalry between himself and fellow digital creator, Peller.
Speaking on Isbae U’s Curiosity Made Me Ask podcast, Shank addressed the comparisons that have trailed his entry into the streaming space earlier this year, after his stint at Kai Cenat’s Streamer University in the U.S.
When asked about the perceived competition, Shank stressed there was no bad blood between them.
“Peller is my brother. He’s my senior colleague in the streaming business. This has nothing to do with age,” he said.
He added that while comparisons are inevitable, they don’t change the cordial relationship he shares with Peller. According to him, they maintain regular communication and mutual respect despite their different journeys.
The clarification comes amid growing chatter on social media over who holds more influence in Nigeria’s budding streaming scene.
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