{
  "id": 12902987,
  "title": "Like Uber, another global mobility company exits Nigeria",
  "url": "https://urgent.news/2026/10/08/like-uber-another-global-mobility-company-exits-nigeria",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-08T14:27:30.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/just-in-like-uber-another-global-mobility-company-exits-nigeria/"
  },
  "original_language": "en",
  "account": "Moove, a global mobility company originally founded in Lagos, has announced its decision to cease operations in Nigeria. As part of its exit plan, the company founded six years ago, has committed to transferring ownership of eligible vehicles, valued at approximately N35 billion, to existing customers without any additional charge. This transfer will become effective from October 1, 2026 onwards. Customers will then possess full ownership of the vehicles they have been using under Moove's financing model, with no further payments to the company required. This strategic move is part of Moove's overarching plan to conclude its presence in Nigeria while ensuring that eligible customers retain the vehicles they have been utilizing. Moove was co-founded by Ladi Delano and Jide Odunsi, and has primarily focused on providing vehicle financing and mobility solutions to drivers, particularly those operating on ride-hailing platforms. The company has been expanding its operations across multiple markets, offering vehicle financing and other mobility-related services on a global scale. This decision to exit the Nigerian market follows the recent exit of another global mobility company, Uber, from the same region.",
  "summary": "Moove, the global mobility company founded in Lagos, has announced plans to end its operations in Nigeria. As part of its exit strategy, the company founded six years ago, said it will transfer full ownership of eligible vehicles “worth approximately N35 billion” to existing customers at no cost. The affected customers will take full ownership […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}