Moove: Nigeria Mobility Fintech Company Wins $105m Funding to Expand Operations Moove is a mobility fintech company that provides revenue-based vehicle financing to mobility entrepreneurs across Africa. The Nigeria start-up company which operate in six cities plans to expand to seven emerging markets in Europe,...

Fuel scarcity: Uber, Bolt raise fares   In the midst of Nigeria's fuel crisis, Uber and Bolt, the two most popular ride-hailing companies, raised their fares. Although it's not clear if petrol scarcity is behind the price increase, other modes of transportation in Lagos and other...

Reps Probe Uber, Bolt, Others Over Tax Returns   The House of Representatives has resolved to investigate the car hire service providers like Uber, Bolt and other technology-based transport companies in Nigeria. The House is to set up an ad hoc committee to “investigate the level of...

Lagos Begins Tax , Regulation For Ride-Sharing Firms Aug 27     Ride-sharing companies like Uber Technologies Inc. and Bolt that operate in Nigeria’s commercial capital of Lagos will have to pay licensing, renewal and service fees under regulations set to take effect later this month. Effective Aug....

Despite Growing Revenue, Uber Posts $1bn Loss In Q1 Ride share giant Uber on Thursday reported a $1 billion loss in the first quarter of this year despite rising revenue and monthly users. In its first earnings report as a publicly traded company, Uber said revenue...