Faster global financial news!
Uber to cease operations in Nigeria and Uganda from September 2, ending 12 years in Africa's largest market.
Uber Technologies (UBER) has ceased operations in Nigeria and Uganda as of Wednesday, September 2, ending its 12-year presence in Nigeria, Africa's most populous nation. The company stated that this was a difficult decision and that it would refocus its investments on markets that offer scalable earning opportunities for drivers. Nigeria has a population of approximately 242.6 million, but its per capita GDP is projected to be only about $1,556 in 2026. Last year, the entire ride-hailing market in Nigeria was valued at approximately $450 million, significantly less than Uber's global revenue.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Middle East Tensions Escalate: US Deploys 10,000 More Troops, Israel Prepares for New Strikes Against Iran, Iran Issues War Warning
-
2
NextDC's data center project in Australia faces power supply delays due to resident protests, leading to a more than one-third reduction in its FY2027 earnings guidance and a 45% plunge in its stock price.
-
3
Indonesian cybersecurity firms are urging the government to increase support for AI talent development and the AI industry to counter the rising tide of AI-driven cyberattacks and online scams.
-
4
NVIDIA Launches Clinical Surgery AI Simulator Cosmos3-H-Dreams
-
5
Ripple has launched institutional-grade 24/7 multi-asset swap contract trading through its Ripple Prime platform, supporting RLUSD stablecoin collateral. However, HSBC warns that market liquidity remains weak.
-
6
U.S. Secretary of State Marco Rubio visits India's Reliance refinery, discusses refining Venezuelan crude to diversify energy supplies and advance potential $300B U.S. refinery deal
-
7
China COSCO Shipping, a giant in the shipping industry, has launched new routes and an emergency response system to counter the Iran war and climate risks.
-
8
Nscale founder Josh Payne reassured employees that despite AI market volatility, demand for its data center services is "insatiable."
-
9
Anthropic's copyright settlement includes books by South Korean authors for compensation
-
10
Anthropic launches AI agent Claude Duet, capable of continuous background operation and proactive task execution
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
