• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Implications of NLC-Driven E-Hailing Suspension in Nigeria

user avatar

by Giorgi Kostiuk

a year ago


The decision by the Nigerian e-hailing drivers’ union, AUATON, to comply with the NLC strike has immediate implications for the e-hailing sector in Nigeria. In alignment with the Labour Congress's demands for improved labor rights and economic policies, the suspension of services underscores the need for collective action in advocating for workers' welfare and fair compensation. The strike, set to kick off on June 3, is geared towards pressuring the government to address critical issues like a new minimum wage and electricity tariff revisions.

AUATON's directive to support the NLC strike highlights the union's commitment to standing in solidarity with the broader labor movement. The General Secretary's instructions for drivers to cease operations signal a period of financial strain for e-hailing companies already facing revenue challenges. The economic pressures, including high fuel costs and reduced consumer spending, are expected to exacerbate the financial woes of e-hailing services during the strike period.

The impact of the service suspension on e-hailing companies, particularly giants like Bolt, is likely to manifest in decreased ride orders and revenue losses. Past instances of economic disruptions have revealed the vulnerability of the e-hailing sector to financial shocks, with companies experiencing significant revenue declines within short periods. As the NLC strike unfolds, the financial resilience of e-hailing companies will be put to the test, requiring strategic measures to mitigate operational risks and navigate the turbulent economic landscape.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Hainan Huatie Yellow Bee Invests in XMeta Platform

chest

Hainan Huatie Yellow Bee has announced a strategic investment in XMeta, strengthening fintech infrastructure under trade initiatives.

user avatarGiorgi Kostiuk

Bitcoin and Trump's Tariffs: Market Reaction to Political Changes

chest

Bitcoin's price surge relates to Trump's tariff proposal on the EU and his pro-crypto stance.

user avatarGiorgi Kostiuk

Software Developers Spent 19% More Time Working with AI Than Expected

chest

METR study reveals experienced developers took 19% longer when using AI tools than previously anticipated.

user avatarGiorgi Kostiuk

Trump and Cryptocurrency: A New Wave of Optimism

chest

Donald Trump has shifted his stance on cryptocurrencies, praising their achievements amid evolving economic realities.

user avatarGiorgi Kostiuk

Copper Tariff Implications for American Manufacturers

chest

US copper buyers brace for potential 50% duties on processed copper, raising manufacturing costs.

user avatarGiorgi Kostiuk

YZi Labs and 10X Capital Join Forces to List BNB on U.S. Exchange

chest

Partnership between YZi Labs and 10X Capital provides regulated access to BNB for institutional investors, enhancing interest in cryptocurrencies.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.