Moove, a global mobility company based in Lagos, has officially ended its operations in Nigeria after six years. The company announced it will return N35 billion to customers as part of its winding down process. The decision comes after a period of significant growth and service delivery across the country.
Moove had operated in Nigeria since 2015, offering a range of mobility solutions including car rentals and ride-hailing services. The company served millions of customers during its tenure, contributing to the evolving transportation landscape in Lagos and other major cities. The refund process is expected to take several months, with customers receiving their money through direct bank transfers.
The closure follows a strategic shift by the company to focus on markets in Europe and the Middle East. Moove’s Nigerian operations were among its earliest expansions, and the decision marks the end of a chapter in the country’s tech-driven transportation sector. Industry analysts note that the refund amount reflects the scale of Moove’s operations and the number of active users during its time in Nigeria.
Moove’s exit highlights the challenges and opportunities in Nigeria’s growing tech ecosystem. While the company’s departure may leave a gap in the market, it also underscores the dynamic nature of the sector. The Nigerian government has been promoting digital innovation, and Moove’s presence contributed to that momentum. As the company moves forward, the impact of its departure will be felt in the local mobility sector for the foreseeable future.
