Moove, a vehicle-financing company founded in Lagos and backed by Uber, said on 8 October that it will end its Nigerian operations after six years. Eligible drivers will receive full ownership of their vehicles, worth more than 35 billion naira (about $26 million), and payments due from 1 October are waived. The exit comes about a month after Uber left Nigeria; Moove’s co-founder Ladi Delano said Uber had been the main platform supporting its Nigerian model. Drivers gain their cars outright, while the two departures reduce competition in Nigeria’s ride-hailing and car-financing market.
Sources
- Nairametrics: https://nairametrics.com/2026/10/08/moove-exits-nigeria-gives-customers-n35-billion-worth-of-cars
- TechMoran: https://techmoran.com/2026/10/08/moove-exits-nigeria-after-uber-departure-gives-drivers-26-million-in-cars/
- Daily Trust: https://dailytrust.com/just-in-like-uber-another-global-mobility-company-exits-nigeria/
- ICIR: https://www.icirnigeria.org/moove-leaves-n35bn-worth-of-vehicles-for-drivers-quits-nigeria/