Uber Stock: Company Exits Four African Markets as Rivals Undercut Fares
Photo: CoinCentral
TLDR Uber shut down operations in Nigeria and Uganda on September 2, 2026, following earlier exits from Tanzania and Ivory Coast. Around 50,000 Nigerian drivers relied on the platform for income before the abrupt closure. Cheaper rivals Bolt, inDrive and Yango are winning riders with lower fares across African markets. Nigeria’s competition regulator has launched an investigation into Uber’s exit. UBER stock closed up 1.81% at $71.51, with shares still rising slightly after hours. Uber stock closed at $71.51 on Friday, up 1.81% on the day.
Source: CoinCentral
