According to TechTrends KE, vehicle-financing company Moove is considering leaving Nigeria after Uber ended operations there, disrupting the Lagos ride-hailing market that underpinned its model. Moove financed cars for drivers and tied repayments to earnings, so access to a functioning ride-hailing marketplace was central to its original business. The report says Uber’s exit puts fresh pressure on that approach and raises uncertainty about Moove’s future in its founding market.

Qoray Mobility & Energies Ltd, a clean energy and sustainable mobility company in Nigeria, has officially introduced its founding Executive Leadership Team. The team is led by Founder and CEO Olabanjo Alimi, with Co-Founders Akinkunmi Akingbogun serving as Vice President of Mobility and Ayo in another executive role. The company aims to drive Africa's sustainable future through its initiatives.

Punch's evening recap reports that Nigeria's Federal Government plans to provide qualified indigenous shipowners up to $25 million each through the Cabotage Vessel Financing Fund, a scheme it says could strengthen local shipping and create more than 30,000 direct and indirect jobs. The roundup also says Dangote Industries Limited has begun registration for a proposed initial public offering that would allow drivers, cooks, traders and other ordinary Nigerians to own refinery shares.

US-based company Pigee plans to acquire a 55% stake in Nigerian logistics startup ShipAfrica. The acquisition will be carried out in three stages over the next 18 months and will be funded through a combination of cash and equity, according to Pigee CEO Leroy Lawrence. The deal, reported by TechCabal, marks a significant investment in Nigeria's logistics sector, though further financial terms of the transaction were not disclosed in the announcement.

Government Ekpemupolo, popularly known as Tompolo and Chief Executive Officer of Tantita Security Services Nigeria Limited, has donated at least 34 campaign vehicles to a support group backing President Bola Tinubu in Katsina State, according to ThisDay Live. The donation, reported from Abuja by correspondent Linus Aleke, represents a contribution to political mobilisation efforts for the president's supporters in the northern state ahead of future electoral activities.

The Livelihood Improvement and Family Enterprises Project in the Niger Delta (LIFE-ND) has secured an additional $32 million in financing from the International Fund for Agricultural Development, according to ThisDay Live. The project also reported a 95 percent loan disbursement rate. The additional funding is expected to support the initiative's ongoing work improving livelihoods and family enterprises in Nigeria's Niger Delta region.