(Updates with Uber's comment in the first and second paragraphs, and adds Uganda in the headline.)
Uber Technologies (UBER) is ceasing operations in Nigeria and Uganda, effective immediately, following a review, a company spokesperson said in an email toon Wednesday.
This decision does not impact Uber's operations across the rest of Africa, the spokesperson added.
Multiple media outlets, including Reuters, earlier reported that Uber has shut down operations in Nigeria after 12 years.
Price: $76.80, Change: $+1.56, Percent Change: +2.07%