Business
Uber hikes fares in Lagos by 13%
Nigeria’s ride-hailing firm, Uber, says it is increasing the price on UberX by 13 percent beginning from Tuesday, 11th May 2021.
In a statement to its drivers, Uber stated that it remains committed to providing a reliable earning opportunity for driver-partners, as well as a reliable and affordable service for riders.
Recall the period drivers of Uber, Bolt and InDriver protested “systemic slavery”, with a 5-point agenda including an upward review of wages among other things.
READ ALSO: Igboho backtracks on Adeboye, says people trying to create confusion
The new billing structure will affect both peak and off-peak periods. It also reflects a time-based pricing that enables drivers to earn more at certain periods during the day.
Monday 08:00 am – 12:00 pm and Tuesday – Friday 05:00 am – 12:00 pm – Minimum fare: N538; Base fare: N237; Per kilometre fare: N70; Per minute fare: N12.
Other time periods – Minimum fare: N575; Base fare: N255; Per kilometre fare: N75 and Per-minute fare: N12.5.
This is the new reality and depending on how the market responds, other ride-hailing companies may as well follow suit. I guess it’s true of the saying about who suffers when two elephants struggle.
-
Latest1 week agoSex video leak sparks disciplinary action as FUOYE suspends two students
-
Business1 week agoThe CBN’s Exposure Draft on Holding Companies of Banks: Matters Arising
-
Comments and Issues1 week agoEkiti 2026: Will INEC redeem self or slide further?
-
Latest1 week agoTinubu Grants Customs Boss Adeniyi Final Six-Month Extension to Oversee Single Window Project, Succession
-
Latest7 days agoAPC’s Asogwa wins Enugu North senatorial by-election by wide margin
-
News1 week agoYiaga Africa Flags Discrepancies in Ballot Papers of Ekiti Governorship Poll
-
Latest7 days agoAPC, PDP clinch key by-elections as INEC declares winners in Kano, Rivers
-
Football1 week agoWorld Cup group stage heats up as Germany face Ivory Coast, Netherlands meet Sweden in crucial fixtures