Uber exits Nigeria and Uganda as competition and costs rise

Uber is leaving Nigeria and Uganda, ending its ride-hailing services in the two African markets with immediate effect.

The company said a review of its business led to the decision. It entered Nigeria in 2014 and Uganda in 2016.

In Nigeria, ride-hailing drivers have faced rising fuel and operating costs, while disputes over fares and platform commissions have led to protests in recent years. Competition from Bolt, inDrive and local…