Hi, welcome to Tech This Evening, an After-Work Tech Newsletter from Techparley Africa. Sure, there is a lot to unpack right now. Sit back, while I walk you through.
Top Story: MTN Network Provider Frustrates Lagos Residents of Abule Egba as Internet Service Remains Down
Residents and business owners in the Abule Egba area of Lagos have expressed frustration following a prolonged internet outage affecting MTN users since the morning of Sunday, 5 October.
According to multiple reports from subscribers in the community, the disruption began around 10 a.m. on Sunday and has persisted, leaving many unable to access mobile data services for communication, banking, and business operations.
Several residents who spoke to Techparley described the situation as “disturbing” and “unbearable,” particularly for those who rely on MTN’s mobile internet for work and daily transactions.
“MTN has been frustrating lately. My students cannot connect with me online for classes. I get paid per class I take. I have lost money because of the poor outing by MTN. It took me a while to realise it was a network challenge,” Zulqarinain Shuaib, Language Instructor and Founder of IBN Network told Techparley.
Other Tech News Stories You Should Read:
AI as Assistant, Not Master: Redefining the Creative Workflow. Read now.
How to Lock a SIM Card on Android and iPhone: The Complete Guide. Read now.
How to Create and Manage Multiple Email Addresses Like a Pro. Read now.
On Startup Spotlight:
VBank and Anchoria Launch Shares-Backed Loan for Investors to Borrow Without Selling Shares – What This Means
Nigerian investors can now access cash without liquidating quality shares, thanks to a new secured overdraft facility from VBank and Anchoria Securities Limited.
For many Nigerians, urgent financial needs have often forced investors to sell shares at a loss just to cover emergencies. Beyond the cost of missed future gains, accessing traditional secured loans has also historically been slow and discouraging, leaving investors in a bind.
VBank and Anchoria Securities Limited are now addressing this challenge with the launch of the Shares-Backed Loan, a facility designed to provide fast, secure, and investor-friendly liquidity without compromising long-term investments.
“This product meets customers where they are invested in quality shares but in need of swift liquidity,” said Yonodu Okeugo, VBank General Manager, Business Banking and Partnerships. “As a CBN-licensed digital bank, we have built a lending product that is not only fast but also realistic.”
Quadri Adejumo brings you all the details. Read here.
Also Read:
How PayPal Plans to Commit $100m to Bridge Digital Commerce in Middle East and Africa. Yakub Abdulrasheed brings us the details, here.
Quote of the Day:
“Any sufficiently advanced technology is equivalent to magic.” – Arthur C. Clarke.
Thank you for joining me yet again this evening. Stay safe, and see you tomorrow for the next tech newsletter.
Best, Quadri
