Taxi medallion to "The Washington Post", medallions were "the best investment in America", but—due to increased competition from app-based car services and transportation network company growth from companies like Uber and Lyft—taxi medallions are now decreasing in price. In 2013, the price of a medallion was $625,000. In 2014, that price had risen to around $700,000. In 2014, a medallion was worth nearly $700,000. The total value of all medallions and assets related to them had a value of $2.5 billion in Chicago in 2013. In 2012, medallion prices ranged from $87,000 to $385,000. In 2015, Chicago's average medallion price was under
Bankole Cardoso most used taxi hailing apps in Lagos as well as Abuja. Easy Taxi is a free smartphone application that allows users to request taxis in the easiest way possible. The app uses GPS to connect users to the drivers closest to them and then sends the user the drivers’ information and allows the user to track the driver on the map in real time. Present in 30 countries, Nigeria was the first country to launch it in Africa and currently has a network of over 400 drivers in Lagos with services extended to Abuja. Although still affiliated with the company,