CityNews learnt that the deal will allow Davido to spearhead artist development and A&R for a lineup of Nigerian artists.
Consequently, his former record label, Davido Music Worldwide, DMW, has been dissolved.
Some of the artists currently signed to DMW include Dremo, Yonda, Peruzzi, Idowest from Lagos Island, DJ Ecool, Danagog, B-Red, Deekay, May D, Deinde, Ayanfe, Liya, Morravey, SayTheyCallMESG and Logos Olori.
In a post via his handle on Saturday, Davido disclosed that all the artists currently signed to DMW will move to Nine+ Records.
He wrote, “All dmw artists would be moved to Nine+ records …. Clearing the air!”
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