Moove company exits Nigeria after six years operation

Moove, the global mobility company founded in Lagos, has announced plans to conclude its operations in Nigeria six years after launching in the country.

As part of its exit, the company said it will transfer full ownership of eligible vehicles worth approximately N35 billion to existing customers at no cost.

The customers receiving the vehicles will own them outright, with no further payment required to Moove for the vehicles from October 1, 2026.

Moove’s exit announcement comes barely a month after e-hailing company Uber shut down its operations in Nigeria.

While Moove did not state any reason for the exit, it said Nigeria helped shape the company from its earliest days to its current status, which was why it decided to reward its customers and staff.