Ranking Nigeria's E-Hailing Platforms for Availability, Pricing, and Safety in 2025
- Market Leadership: In 2025, inDrive, Bolt, and Uber established themselves as leaders in Nigeria's e-hailing market, with inDrive attracting a large user base through its bidding system, forcing competitors to adjust prices to maintain market share.
- Impact of Price Wars: The aggressive pricing strategy of inDrive led to significant fare reductions, which, while pleasing to riders, resulted in protests from drivers over decreased earnings, highlighting the intense competition in the sector.
- Safety Concerns: Despite its popularity, inDrive faced a poor safety record with frequent complaints, prompting the company to implement measures aimed at improving safety for both drivers and passengers.
- Bolt's Advantages: Bolt excelled in service quality and safety measures, although it struggled with availability; however, its vehicle inspection system and passenger verification processes enhanced user trust and satisfaction.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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