Nigeria: Like Uber, Another Global Mobility Company Exits Nigeria
The company said more than 9,000 customers will receive vehicles worth about N35 billion without additional payment as it exits the market.
- On Thursday, mobility fintech Moove announced it is ending operations in Nigeria after six years, marking a strategic shift for the company founded in Lagos.
- The decision follows Uber's recent exit from Nigeria after 12 years, a development that pressured Moove's original mobility financing model used to support gig drivers.
- Since its 2020 launch by co-founders Ladi Delano and Jide Odunsi, more than 9,000 customers used Moove's financing products in Nigeria, generating approximately N57 billion in revenue.
- Effective October 1, 2026, existing customers will receive full ownership of eligible vehicles "worth approximately N35 billion" without further payments to the company.
- While withdrawing from Nigeria, Moove continues expanding globally, now operating across 29 cities and intending to build a lasting international success story rooted in its Lagos origins.
32 Articles
32 Articles
Nigeria loses another mobility giant as Moove exits weeks after Uber despite its $2.1 billion valuation and Waymo-backed US expansion
Nigeria-founded mobility company Moove is winding down its operations in the country, six years after launching in Lagos and barely five weeks after Uber, one of its investors, ended its Nigerian business.
Punch Newspapers
mediatalkafrica.comMoove exits Nigeria, transfers N35bn vehicles to customers
Mobility company Moove is exiting Nigeria after six years, transferring vehicles worth N35bn to eligible customers and giving free cars to its staff. Read More: https://punchng.com/moove-exits-nigeria-transfers-n35bn-vehicles-to-customers/
One month after Uber exit, another company ends operations in Nigeria
Just a month after the exit of Uber, a global mobility company founded in Lagos Moove, has announced plans to end operations in Nigeria too. The company announced this decision on Thursday just six years after it began operations in Nigeria. According to the company, customers will get total ownership of eligible vehicles to existing […] One month after Uber exit, another company ends operations in Nigeria
Moove shuts Nigeria operations, gives customers N35bn vehicles
Moove, a global mobility company founded in Lagos, has announced plans to shut down its operations in Nigeria and transfer ownership of eligible vehicles worth about N35 billion to its existing customers. The company disclosed this on Thursday, six years after commencing operations in Nigeria. According to Moove, customers whose vehicles qualify under the arrangement […]
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