Tech

Internet outage: Submarine cable repair may last five weeks

Published

2 years ago

March 16, 2024

Admin

MainOne, a leading data centre and provider of submarine cable systems, has disclosed that the process to repair its damaged submarine cable may take up to five weeks.
Meanwhile, the company had earlier disclosed on Thursday that its preliminary investigation attributed the fault of the internet disruptions being experienced lately to an incident on its “submarine cable system offshores the coast of West Africa that has also affected other cable systems and is affecting international connectivity and internet services to countries across West Africa.”

The company stated that its team was working assiduously to ensure restoration of services, “subject availability of capacity and service configuration specifics.”
However, in a recent update on Friday, MainOne revealed that the fault resulted from an external incident, resulting in a cut along the West African coast, offshore Cote D’Ivoire, in the Atlantic Ocean between Senegal and Cote D’Ivoire.

The outage, which has also impacted services of some Nigerian banks, will be repaired in a procedure involving inspecting and testing of the cable joints for defects, followed by lowering the cable back to the seabed and guiding it to an optimal position.
“Based on the circumstances, the failure constitutes an event of Force Majeure, being a situation beyond our control in the ordinary and normal cause of business,” the company stated.
According to the company, given the distance from land, and the cable depth of about 3 km at the point of fault, any kind of human activity – ship anchors, fishing, and drilling among others had been immediately ruled out.
It added that the process may take approximately five weeks to complete as it includes mobilising a vessel to retrieve necessary parts from Europe and transit to West Africa.

“We have a maintenance agreement with Atlantic Cable Maintenance and Repair Agreement (ACMA) to provide repair services for the submarine cable. First identify and assign a vessel, the vessel has to retrieve the necessary spares required for repair, and then sail to the fault location to conduct the repair work.

“Next, in order to complete the repair, the affected section of the submarine cable will have to be pulled from the seabed onto the ship where it will be spliced by skilled technicians. Post repair, joints will be inspected and tested for any defects and then the submarine cable is lowered back to the seabed and guided to a good position.
“This process might take 1-2 weeks for repairs while about 2-3 weeks of transit time may be required for the vessel to pick up the spares and travel from Europe to West Africa once the vessel is mobilised,” MainOne’s update disclosed.

Tech

Remnify Crypto trading : Best in crypto exchange to local currency

Published

2 years ago

October 17, 2024

Investor Brain

How Remnify.io is Simplifying Crypto-to-Naira Transactions

Cryptocurrency has become an important part of Nigeria’s digital economy. From investors and traders to freelancers and business owners, more people are receiving and holding digital assets than ever before. However, one challenge remains consistent: converting cryptocurrency into Naira quickly, securely, and at competitive rates.

This is where Remnify.io comes in.

A Smarter Way to Exchange Cryptocurrency

Remnify.io is a cryptocurrency exchange platform designed to make crypto-to-Naira transactions simple, fast, and reliable. The platform helps users seamlessly convert supported cryptocurrencies into Nigerian Naira while eliminating many of the frustrations commonly associated with traditional exchange services.

Whether you’re cashing out profits, receiving payments from international clients, or simply managing your digital assets, Remnify provides a smooth and user-friendly experience.

Why Crypto Users Need Reliable Exchange Platforms

As cryptocurrency adoption continues to rise in Nigeria, users are becoming more selective about where they trade. Speed, transparency, and security are no longer optional—they are essential.

Many traders have experienced delayed payouts, hidden charges, poor customer support, and complicated transaction processes. These issues can create unnecessary stress and reduce confidence in digital asset trading.

Remnify.io addresses these concerns by focusing on what matters most to users: efficiency, transparency, and trust.

Fast Naira Payouts

One of the key benefits of using Remnify.io is the speed of its transaction process.

In cryptocurrency trading, timing can significantly affect value. Delays in processing transactions can lead to missed opportunities and frustration. Remnify is designed to ensure users receive their Naira payouts as quickly as possible after completing their transactions.

This commitment to speed helps traders access their funds when they need them most.

Secure and Reliable Transactions

Security remains one of the biggest concerns in the cryptocurrency industry.

Remnify.io prioritizes the protection of user information and transactions by implementing modern security measures and secure transaction processes. Users can trade with greater confidence knowing that safety is a core focus of the platform.

Competitive Exchange Rates

Getting good value when converting cryptocurrency is essential.

Remnify.io offers competitive exchange rates that help users maximize the value of their digital assets. Instead of worrying about unfavorable conversions, users can focus on managing their investments and transactions effectively.

User-Friendly Dashboard

The platform provides an intuitive dashboard that allows users to:

Track transaction history

View completed transactions

Monitor pending transactions

Manage account information

Stay informed about ongoing activities

The clean and straightforward interface makes the platform accessible to both new and experienced cryptocurrency users.

Built for the Nigerian Market

Nigeria remains one of the world’s most active cryptocurrency markets. Millions of users rely on digital assets for trading, investment, international payments, and financial flexibility.

Remnify.io is built with the needs of Nigerian users in mind, providing a seamless bridge between cryptocurrency and local banking systems. Users can conveniently receive payouts directly into their preferred Nigerian bank accounts.

Who Can Use Remnify?

Remnify.io is ideal for:

Crypto Traders looking for fast and dependable payouts.

Freelancers who receive payments in cryptocurrency from international clients.

Business Owners who transact using digital assets.

Investors who need a trusted platform to convert cryptocurrency into Naira.

Looking Ahead

The future of finance is increasingly digital, and cryptocurrency continues to play a major role in that transformation. As adoption grows, users will continue to seek platforms that prioritize speed, transparency, and security.

Remnify.io is helping shape that future by providing a dependable solution for crypto-to-Naira transactions in Nigeria.

For anyone looking for a simpler, faster, and more secure way to exchange cryptocurrency, Remnify.io offers a practical solution designed around the needs of today’s digital economy.

Visit Remnify.io today and discover a smarter way to convert your cryptocurrency into Naira.