06 May '13, 12pm

.NG Booms On Reduced Prices But Still Outrageously Overpriced: Registrations for Nigeria’s country code top le...

.NG Booms On Reduced Prices But Still Outrageously Overpriced Monday, 06 May 2013 13:31 David Goldstein Tweet Share Registrations for Nigeria’s country code top level domain (ccTLD), .NG, have boomed compared to previous registration statistics following a dramatic cutting in the registration fee. But the ccTLD, along with many others, is still saddled with overpriced registration fees. Today registrations have passed the 30,000 mark, up from around 9000 in 2011 with a reduction in the fees from ₦500,000 ($3170) to “just” ₦15, 000 ($95). While the reductions are laudable, one has to ask how any TLD can justify such a high price? Especially in a developing country with a population of 174.5 million and a gross domestic product of $2700 (coming 180th out of 229 countries and territories according to the CIA Factbook). This compares to the United States with a GDP of $49,800 ...

Full article: http://www.domainnews.com/en/ng-booms-on-reduced-prices-b...

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