MarketsNotableConfirmed
5.7
Uber exits Nigeria and Uganda, citing tough operating conditions
BBC Africa·NG · UG·about 12 hours ago
Uber announced its exit from Nigeria after 12 years, attributing the move to market conditions and not the recent FAAN directive on airport e-hailing operations. The withdrawal removes a major ride-hailing competitor from Africa's largest economy, potentially reshaping the local market landscape. Uncertainty remains over the exact reasons and the impact on drivers and users.