Business

JUST IN: Ride-hailing Drivers, Uber, Bolt, Others Begin Nationwide Strike

Published

3 years ago

June 7, 2023

Charles Flames

559 Views

Ride-hailing drivers, including Uber, Bolt, LagRide and Indriver, on Wednesday, began a nationwide strike.

The ride-hailing drivers are following a sit-at-home order at the direction of the Amalgamated Union of App-based Transport Workers of Nigeria, (AUATWON) until the ride-hailing companies increase their base fares by 200 per cent.

According to the National Vice President of AUATWON for Southwest Nigeria, Kolawole Aina, the drivers plan to picket the offices of Uber in Victoria Island and Bolt in Lekki.

Among other demands, AUATWON is asking ride-hailing companies to increase fares by a minimum of 200 per cent.

The union is also asking for a 50 per cent reduction in commission — Uber and Bolt collect a 20 per cent commission on every ride — and an end to the deactivation of drivers who refuse to work due to the low fares and attendant unprofitability.

The union is also seeking the recognition of AUATWON as the representative body for their interests.

Related Topics:Bolt Nationwide Strike Uber

Up Next

Emirates To Launch onboard Utensils Made From Plastics Waste

Don't Miss

JUST IN: FG Orders Companies to begin Sustainability Reporting 2024

Click to comment

Business

Naira Exchange Rates Monday, 20 July

Published

20 hours ago

July 20, 2026

OCHEFA

25 Views

BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1, 416 Sell ₦1,422

GREAT BRITISH POUND (GBP) Buy ₦1,895 Sell: ₦1,915

EURO (EUR) Buy ₦1,590 Sell ₦1,610

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN OFFICIAL EXCHANGE RATES

US DOLLAR (USD) ₦1,380.18

GREAT BRITISH POUND (GBP) ₦1,854.42

EURO (EUR) ₦1,577.00

SWISS FRANC (CHF) ₦1,707.94

JAPANESE YEN (JPN) ₦8.50

CHINESE YUAN (CNY) ₦203.57

WEST AFRICAN CFA (XOF) ₦2.40

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32

SAUDI RIYAL (SAR) ₦367.48

SOUTH AFRICAN RAND (ZAR) ₦83.29

Business

BUA Foods target expansion into noodles industry

Rabiu described the expansion programme as a strategic investment in Nigeria’s industrial future, emphasising that the company’s growth ambitions are driven by a commitment to national development rather than scale alone.

Published

4 days ago

July 17, 2026

OCHEFA

58 Views

Chairman of the Board of Directors of BUA Group, Abdul Samad Rabiu disclosed that it’s food arm – BUA Foods is going into new sectors such as instant noodles because “we see it as a very important sector because of its affordability and its accessibility.”

Rabiu made the disclosure in Abuja on Thursday during the 5th Annual General Meeting of BUA Foods.

He also disclosed that as part of efforts to boost food sufficiency, “we are doubling our wheat milling capacity from over a million to over two million, wheat per annum. And that is huge.”

“We are also tripling the capacity of our edible oil business. In fact, we are setting up a brand new oil mill in Port Harcourt.

“Our ambition has never been to become bigger simply for the sake of size. We are building scale because Nigeria needs strong indigenous companies capable of competing at the highest level, investing for the long term and creating lasting value,” he said.