According to Hopper HQ, the singer’s Instagram account which has 20,408,979 followers has a cost per post worth $128,300(N52,805,714.00).
Other Nigerians on the list include singer Yemi Alade, 67th (N36,260,198.00); actress Funke Akindele Bello, 70th (N34,408,088.00); singer Tiwa Savage, 74th (N32,350,188.00) and singer Wizkid, 79th (N31,691,660.00).
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Topping the list is Juventus player, Cristiano Ronaldo, with 295,984,958 followers and a cost per post worth $1,604,000.
The Guardian reports that the Portuguese is able to command $1.6m (£1.2m) to endorse a product on social media.
He’s followed by Hollywood actor Dwayne Johnson whose cost per post is placed at $1,523,000