Uber leaves Nigeria after 12 years, exposing brutal economics of ride-hailing

BusinessDay | 02-09-2026 03:52pm |

Uber is shutting down its operations in Nigeria after being there for 12 years. This decision highlights the tough financial challenges that ride-hailing companies face in the country. Despite its long presence, Uber struggled to make a profit in Nigeria, which shows how difficult it can be for such businesses to succeed in certain markets.

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