Moove follows Uber out of Nigeria as ProTaxi enters Nigerian mobility market

Moove, an e-hailing company founded in Nigeria in 2020, is preparing to exit the Nigerian market, following a similar decision by Uber to leave the country. Moove's exit, which includes transferring eligible vehicles worth approximately N35 billion to existing customers, is seen as a unique way to recognize its customers and employees.

The company plans to hand over full ownership of these vehicles to customers on October 1, 2026, without requiring any further payments. Co-Founder and Advisory Board Chairman, Ladi Delano, emphasized the significance of Nigeria in Moove's development, stating that the decision reflects appreciation for those who supported the business from its early days.

With more than 9,000 customers utilizing Moove's services, the company generated approximately N57 billion in revenue before its departure. The decision to exit Nigeria comes shortly after Uber's reported exit, highlighting the financial pressures and long-term sustainability challenges faced by mobility businesses in the country.