• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 9, 2025
  • HOME
  • NEWS
    8 Ways to Protect Your Business from Cyber Threats

    8 Ways to Protect Your Business from Cyber Threats

    These 5 Africa’s Billionaires Are Getting Richer - Here’s Why

    These 5 Africa’s Billionaires Are Getting Richer – Here’s Why

    How to Save Money in Nigeria Despite High Inflation

    How to Save Money in Nigeria Despite High Inflation

    Top 5 Countries Nigeria Import Goods From

    Top 5 Countries Nigeria Import Goods From

    The Diminishing Value of ₦100: A Reflection on Nigeria's Inflation

    The Diminishing Value of ₦100: A Reflection on Nigeria’s Inflation

    ATM Fees - Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    ATM Fees – Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    Why Nigeria Must Break Free from its One-city Economic Model

    Why Nigeria Must Break Free from its One-city Economic Model

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

  • ENTERTAINMENT
    • All
    • Comedy
    • Gist / Viral
    • Music
    • Nollywood
    • Reality TV Show
    EFCC-France Partnership Signals a New Era in Nigeria’s Fight Against Cybercrime

    EFCC-France Partnership Signals a New Era in Nigeria’s Fight Against Cybercrime

    Top 9 Venues in Nigeria for Concerts and Large Gatherings

    Top 9 Venues in Nigeria for Concerts and Large Gatherings

    P-Square Family Feud: Jude Okoye Arrested for ₦1.3 Billion Fraud

    P-Square Family Feud: Jude Okoye Arrested for ₦1.3 Billion Fraud

    the largest music market in Africa

    What is the Largest Music Market in Africa?

    What is the Ranking of Nigeria's Music Industry in the World?

    What is the Ranking of Nigeria’s Music Industry in the World?

    how do I get Netflix to fund my film as a Nigerian?

    How Do I Get Netflix to Fund My Film as a Nigerian?

    can I sell my movie to Netflix as a Nigeria?

    Can I Sell My Movie to Netflix as a Nigerian?

    how to attract and secure sponsors for your film

    How to Attract and Secure Sponsors for Your Film

    different ways to fund a film

    What Are Different Ways to Fund a Film?

    • Reality TV Show
    • Nollywood
    • Comedy
    • Music
  • GIST / Social Media drama
    8 Ways to Protect Your Business from Cyber Threats

    8 Ways to Protect Your Business from Cyber Threats

    These 5 Africa’s Billionaires Are Getting Richer - Here’s Why

    These 5 Africa’s Billionaires Are Getting Richer – Here’s Why

    How to Save Money in Nigeria Despite High Inflation

    How to Save Money in Nigeria Despite High Inflation

    Top 5 Countries Nigeria Import Goods From

    Top 5 Countries Nigeria Import Goods From

    The Diminishing Value of ₦100: A Reflection on Nigeria's Inflation

    The Diminishing Value of ₦100: A Reflection on Nigeria’s Inflation

    ATM Fees - Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    ATM Fees – Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    Why Nigeria Must Break Free from its One-city Economic Model

    Why Nigeria Must Break Free from its One-city Economic Model

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

  • SPORTS
    6 richest English football clubs based on their earnings in 2023/2024 season

    Top 6 Richest English Football Clubs Based on Their Earnings in 2023/2024 Season

    Who is Éric Chelle, Super Eagles' New Coach?

    Who is Éric Chelle, Super Eagles’ New Coach?

    10 top sports events o look forward to in 2025

    10 Top Sports Events to Look Forward to in 2025

    Tinubu Awards MON to each Super Eagles Player, gifts them flats & plot of lands

    Tinubu Awards MON to each Super Eagles Player, gifts them flats & plot of lands

    “You did your best. You are part of a team that brought home a silver medal which we last won at AFCON 2000" Senator John Owan Enoh encourages Iwobi

    “You did your best. You are part of a team that brought home a silver medal which we last won at AFCON 2000″ Senator John Owan Enoh encourages Iwobi

    "I understand how it feels giving you a disappointing night" Nwabali emotional as he apologizes to Nigerians after Super Eagles' lost to Ivory Coast

    “I understand how it feels giving you a disappointing night” Nwabali emotional as he apologizes to Nigerians after Super Eagles’ lost to Ivory Coast

    "I just wanted to make nigerians happy, i want them to feel good," - Super Eagles Goalkeeper, Stanley Nwabali speaks (VIDEO)

    “I just wanted to make Nigerians happy, i want them to feel good,” – Super Eagles Goalkeeper, Stanley Nwabali speaks (VIDEO)

    Ngozi Okonjo iweala Super Eagles

    “Let’s get it done” – Okonjo-Iweala urges Super Eagles to defeat South Africa

    Adapting to the Varied World of Tennis Court Types

    Adapting to the Varied World of Tennis Court Types

  • Articles & Editorials
    8 Ways to Protect Your Business from Cyber Threats

    8 Ways to Protect Your Business from Cyber Threats

    These 5 Africa’s Billionaires Are Getting Richer - Here’s Why

    These 5 Africa’s Billionaires Are Getting Richer – Here’s Why

    How to Save Money in Nigeria Despite High Inflation

    How to Save Money in Nigeria Despite High Inflation

    Top 5 Countries Nigeria Import Goods From

    Top 5 Countries Nigeria Import Goods From

    The Diminishing Value of ₦100: A Reflection on Nigeria's Inflation

    The Diminishing Value of ₦100: A Reflection on Nigeria’s Inflation

    ATM Fees - Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    ATM Fees – Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    Why Nigeria Must Break Free from its One-city Economic Model

    Why Nigeria Must Break Free from its One-city Economic Model

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

No Result
View All Result
Theinfong
  • HOME
  • NEWS
    8 Ways to Protect Your Business from Cyber Threats

    8 Ways to Protect Your Business from Cyber Threats

    These 5 Africa’s Billionaires Are Getting Richer - Here’s Why

    These 5 Africa’s Billionaires Are Getting Richer – Here’s Why

    How to Save Money in Nigeria Despite High Inflation

    How to Save Money in Nigeria Despite High Inflation

    Top 5 Countries Nigeria Import Goods From

    Top 5 Countries Nigeria Import Goods From

    The Diminishing Value of ₦100: A Reflection on Nigeria's Inflation

    The Diminishing Value of ₦100: A Reflection on Nigeria’s Inflation

    ATM Fees - Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    ATM Fees – Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    Why Nigeria Must Break Free from its One-city Economic Model

    Why Nigeria Must Break Free from its One-city Economic Model

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

  • ENTERTAINMENT
    • All
    • Comedy
    • Gist / Viral
    • Music
    • Nollywood
    • Reality TV Show
    EFCC-France Partnership Signals a New Era in Nigeria’s Fight Against Cybercrime

    EFCC-France Partnership Signals a New Era in Nigeria’s Fight Against Cybercrime

    Top 9 Venues in Nigeria for Concerts and Large Gatherings

    Top 9 Venues in Nigeria for Concerts and Large Gatherings

    P-Square Family Feud: Jude Okoye Arrested for ₦1.3 Billion Fraud

    P-Square Family Feud: Jude Okoye Arrested for ₦1.3 Billion Fraud

    the largest music market in Africa

    What is the Largest Music Market in Africa?

    What is the Ranking of Nigeria's Music Industry in the World?

    What is the Ranking of Nigeria’s Music Industry in the World?

    how do I get Netflix to fund my film as a Nigerian?

    How Do I Get Netflix to Fund My Film as a Nigerian?

    can I sell my movie to Netflix as a Nigeria?

    Can I Sell My Movie to Netflix as a Nigerian?

    how to attract and secure sponsors for your film

    How to Attract and Secure Sponsors for Your Film

    different ways to fund a film

    What Are Different Ways to Fund a Film?

    • Reality TV Show
    • Nollywood
    • Comedy
    • Music
  • GIST / Social Media drama
    8 Ways to Protect Your Business from Cyber Threats

    8 Ways to Protect Your Business from Cyber Threats

    These 5 Africa’s Billionaires Are Getting Richer - Here’s Why

    These 5 Africa’s Billionaires Are Getting Richer – Here’s Why

    How to Save Money in Nigeria Despite High Inflation

    How to Save Money in Nigeria Despite High Inflation

    Top 5 Countries Nigeria Import Goods From

    Top 5 Countries Nigeria Import Goods From

    The Diminishing Value of ₦100: A Reflection on Nigeria's Inflation

    The Diminishing Value of ₦100: A Reflection on Nigeria’s Inflation

    ATM Fees - Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    ATM Fees – Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    Why Nigeria Must Break Free from its One-city Economic Model

    Why Nigeria Must Break Free from its One-city Economic Model

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

  • SPORTS
    6 richest English football clubs based on their earnings in 2023/2024 season

    Top 6 Richest English Football Clubs Based on Their Earnings in 2023/2024 Season

    Who is Éric Chelle, Super Eagles' New Coach?

    Who is Éric Chelle, Super Eagles’ New Coach?

    10 top sports events o look forward to in 2025

    10 Top Sports Events to Look Forward to in 2025

    Tinubu Awards MON to each Super Eagles Player, gifts them flats & plot of lands

    Tinubu Awards MON to each Super Eagles Player, gifts them flats & plot of lands

    “You did your best. You are part of a team that brought home a silver medal which we last won at AFCON 2000" Senator John Owan Enoh encourages Iwobi

    “You did your best. You are part of a team that brought home a silver medal which we last won at AFCON 2000″ Senator John Owan Enoh encourages Iwobi

    "I understand how it feels giving you a disappointing night" Nwabali emotional as he apologizes to Nigerians after Super Eagles' lost to Ivory Coast

    “I understand how it feels giving you a disappointing night” Nwabali emotional as he apologizes to Nigerians after Super Eagles’ lost to Ivory Coast

    "I just wanted to make nigerians happy, i want them to feel good," - Super Eagles Goalkeeper, Stanley Nwabali speaks (VIDEO)

    “I just wanted to make Nigerians happy, i want them to feel good,” – Super Eagles Goalkeeper, Stanley Nwabali speaks (VIDEO)

    Ngozi Okonjo iweala Super Eagles

    “Let’s get it done” – Okonjo-Iweala urges Super Eagles to defeat South Africa

    Adapting to the Varied World of Tennis Court Types

    Adapting to the Varied World of Tennis Court Types

  • Articles & Editorials
    8 Ways to Protect Your Business from Cyber Threats

    8 Ways to Protect Your Business from Cyber Threats

    These 5 Africa’s Billionaires Are Getting Richer - Here’s Why

    These 5 Africa’s Billionaires Are Getting Richer – Here’s Why

    How to Save Money in Nigeria Despite High Inflation

    How to Save Money in Nigeria Despite High Inflation

    Top 5 Countries Nigeria Import Goods From

    Top 5 Countries Nigeria Import Goods From

    The Diminishing Value of ₦100: A Reflection on Nigeria's Inflation

    The Diminishing Value of ₦100: A Reflection on Nigeria’s Inflation

    ATM Fees - Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    ATM Fees – Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

    Why Nigeria Must Break Free from its One-city Economic Model

    Why Nigeria Must Break Free from its One-city Economic Model

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Reviving the Naira: Why Nigeria Must Produce More and Import Less

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

    Atiku, Obi, and El-Rufai: A New Political Force or Another Failed Alliance?

No Result
View All Result
Theinfong
No Result
View All Result
Home Articles & Editorials

A Look at Davido’s Controversial Ventures into Personal Finance

Paulinus O. by Paulinus O.
October 16, 2024
in Articles & Editorials, Music
Reading Time: 2 mins read
5 0
A A
0
Davido’s Top 10 Recent Endorsement Deals

Davido’s Top 10 Recent Endorsement Deals

Share on FacebookShare on Twitter

Nigerian singer David Adedeji Adeleke, widely known as Davido (Omobaba Olowo), is one of Africa’s top Afrobeats superstars, Davido has significantly influenced the Nigerian music industry and earned international recognition.

With more 29 million Instagram followers, the “30 BG” singer wields considerable influence. This has amplified his engagement and earnings together with his thriving music career, the singer has explored various financial ventures, potentially signaling a desire to expand into business beyond entertainment. However, many of these ventures have faced challenges and ended in failure.

Let’s delve into the timeline and details of these endeavors, shedding light on the signs of their downfall over the past three years.

A Look at Davido’s Controversial Ventures into Personal Finance

1. January 2021 – Racksterli Promotion

In early 2021, as lockdown measures eased, Davido endorsed Racksterli, an investment platform owned by Michael Chidiebere Oti (also known as ‘Black Gold’). Celebrities like Nancy Isime and Williams Uchemba also promoted the platform.

READALSO:

8 Ways to Protect Your Business from Cyber Threats

These 5 Africa’s Billionaires Are Getting Richer – Here’s Why

Racksterli attracted over 422,000 subscribers, largely due to these endorsements. However, by June 2021, the platform had collapsed, leaving investors without their funds or promised returns. Davido faced significant backlash for his involvement.

2. June 2021 – RapDoge Meme Coin

Around the same time, Davido promoted the RapDoge cryptocurrency, encouraging his 9 million followers to invest through a now-deleted tweet. His promotion caused the token’s price to skyrocket by 100%.

Despite the initial surge, RapDoge’s value soon plummeted to pre-promotion levels. The incident highlighted the risks of celebrity endorsements in the volatile cryptocurrency market.

3. November 2021 – Echoke Token

In November 2021, Davido launched a social token called ‘ECHOKE,’ named after a slang phrase he popularized, meaning “pressure.” Built on the Binance Smart Chain, the token was meant to offer access to giveaways, NFTs, and exclusive merchandise. However, the token failed to gain traction and was unsuccessful.

4. 2024 – $Davido Meme Coin

In May 2024, Davido announced the launch of his own cryptocurrency token, “Timeless Davido” ($DAVIDO), created on the Pump Fun platform. He invested 7 SOL to purchase 203 million tokens, selling over 121 million within hours and earning over $473,000 in profit.

Despite the initial success, the token lost over 93% of its value the following day. According to CoinMarketCap, it is currently trading at $0.000010.

What You Should Know

Davido’s ventures into finance and investments over the last three years underscore the importance of due diligence and transparency. His involvement in controversial projects like Racksterli and various crypto tokens has had wide-reaching consequences, not just for him but for his fans and followers.

Moving forward, ensuring the legitimacy of endorsed projects will be essential for maintaining credibility and trust. Despite these financial missteps, Davido remains one of Nigeria’s most successful artists, with a strong presence in Africa and beyond.

Discussion about this post

RECENT UPDATES

8 Ways to Protect Your Business from Cyber Threats

8 Ways to Protect Your Business from Cyber Threats

These 5 Africa’s Billionaires Are Getting Richer - Here’s Why

These 5 Africa’s Billionaires Are Getting Richer – Here’s Why

How to Save Money in Nigeria Despite High Inflation

How to Save Money in Nigeria Despite High Inflation

Top 5 Countries Nigeria Import Goods From

Top 5 Countries Nigeria Import Goods From

The Diminishing Value of ₦100: A Reflection on Nigeria's Inflation

The Diminishing Value of ₦100: A Reflection on Nigeria’s Inflation

ATM Fees - Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

ATM Fees – Should Banks or Nigerians Bear the Cost of ATM Withdrawals?

10 proven ways to reduce data consumption in Nigeria

10 Proven Ways to Reduce Data Consumption in Nigeria

Why Nigeria Must Break Free from its One-city Economic Model

Why Nigeria Must Break Free from its One-city Economic Model

Load More

POPULAR THIS WEEK

  • 13 actresses who gave blow j*b on screen – #12 & #1 will definitely stun you! (With Photos)

    13 actresses who gave blow j*b on screen – #12 & #1 will definitely stun you! (With Photos)

    23205 shares
    Share 9282 Tweet 5801
  • The 15 bustiest athletes that will make you watch women’s sports – You just can’t stop staring at #1! (With Pictures)

    14904 shares
    Share 5962 Tweet 3726
  • 10 Pornstars who love their job so much.. (With Pictures)

    12920 shares
    Share 5168 Tweet 3230
  • The 15 hottest British glamour models (With Pictures)

    2680 shares
    Share 1072 Tweet 670
  • The 12 flattest celebrity butts in Hollywood – #1 will leave you in stitches! (With Pictures)

    9466 shares
    Share 3786 Tweet 2367
  • 10 most evil children in history of the world – You will be shocked to see their evil deeds (With Pics)

    587 shares
    Share 235 Tweet 147
  • Top 15 female athletes with the sexiest butts – You just can’t stop staring at #1! (With Pictures)

    8991 shares
    Share 3596 Tweet 2248
Theinfong

Your best source for noteworthy updates. Designed by WebAndName.

Navigate Site

  • HOME
  • NEWS
  • ENTERTAINMENT
  • GIST / Social Media drama
  • SPORTS
  • Articles & Editorials

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • NEWS
  • ENTERTAINMENT
    • Reality TV Show
    • Nollywood
    • Comedy
    • Music
  • GIST / Social Media drama
  • SPORTS
  • Articles & Editorials

Your best source for noteworthy updates. Designed by WebAndName.