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Domain Name Registration Hits 60,000

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NiRA

The Nigeria Internet Registration Association (NiRA), the registry that controls the administration of .ng domain name, which is Nigeria’s identity in the cyberspace,  recorded 22,113 additional domain name registrations from January to December 2015. The figure, which is an improvement on the 18,870 domain names registered in 2014, brings the total number of registered domain names in the country, to about 60,000.

According to latest statistics released on NiRA’s website, the total number of domain registration for the year ending 2015 was 22,113, and the number of renewal of existing registered domain names in the same year, was 14,462. The figures for 2014 were 18,870 for new registration, and 11,319 for renewal.
President of NiRA, Mr. Sunday Afolayan, who confirmed the figures, said association  also witnessed an increase in the number of NiRA accredited registrars which rose by  five.

“NiRA can now boast of having 53 accredited registrars. We are hopeful the numbers will increase in 2016 with the additional accreditation of local and foreign registrars. It has been proved that with more registrars across the country, Nigerian presence online would increase,” Afolayan said.

A breakdown of the figures for new domain name registration in 2015, show that NiRA recorded the highest number of new .ng domain name registration in July with 2,260 registrations, while it recorded the highest number of renewal of existing registered domain names in March, with 1,362 renewals.

In January 2015, NiRA recorded 1,542 new domain name registrations, 1,029 renewals and 41 transfers of domain name from one registrar to another. In February, it recorded 1,512 new domain name registrations, 1,009 renewals and 45 transfers. In December 2015, it recorded 1,789 new registrations, 1,214 renewals and 85 transfers of domain names.

Explaining the technical details of renewals and transfers, Afolayan said domain names are sold at a cost and also renewed at a yearly cost. The transfers, he said, occur where registrants are not satisfied with the services of a registrar that was managing the domain name, and decided to transfer the services to another registrar, based on dissatisfaction. He, however, said the number of transfers has reduced in recent times, and that NiRA is working towards reducing the number further by ensuring that registrars offer satisfactory services to registrants.

Speaking about NiRA’s plans for 2016, Afolayan told THISDAY that NiRA expects a significant growth in the Domain Name System (DNS) industry , which will give better numbers than what was achieved in 2015.

“We will conduct more trainings on DNS related topics, as well as entrepreneurship trainings that would boost awareness of .ng and the DNS industry especially among our youths.  All our activities are geared towards promoting local content in the Information and Communications Technology (ICT) sector. We are hopeful that more Nigerians would be online for the right reasons, especially with the federal government’s plan to increase broadband penetration. This will definitely help to grow the Nigerian economy,” Afolayan said.

He added that NiRA also plans to embark on an extensive online campaign to advocate and promote the adoption of .ng in the country.

“I have no doubt that NiRA is empowering youths, creating wealth and building a prominent space for our registry in the future of Nigeria. There is therefore a need to encourage the Nigerian youths to improve on their Information Technology (IT) skills, which would definitely create job opportunities and ultimately develop our economy. Let us continue to think locally, while acting globally,” Afolayan said.

In technical parlance, .ng domain name is Nigeria’s country code Top Level Domain (ccTLD) system,  that identifies Nigerians, and provides access to online transactions on the web. Nigeria has several extensions of domain names such as .ng, .com.ng, .name.ng, .gov.ng, .org.ng, .edu.ng, among others, which are categorised under first, second and third level domain names.

Each country has its own unique identity on cyberspace for all transactions that have to do with world wide web (www). South Africa is identified with .za, Canada is identified with .ca, United States is identified with.com. United Kingdom is identified with .co.uk, among other countries that have unique cyber identities.

Thisday

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Company News

C&I Leasing Announces Delay in Filing 2021 AFS, Q1, 2022

C&I Leasing Plc on Tuesday announced it won’t be filing the 2021 Annual Financial Statements for the year ended December 31 and the Unaudited Financial Statements for the first quarter (Q1) of 2022 due to regulatory delay.

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Ugoji Lenin Ugoji

C&I Leasing Plc on Tuesday announced it won’t be filing the 2021 Annual Financial Statements for the year ended December 31 and the Unaudited Financial Statements for the first quarter (Q1) of 2022 due to regulatory delay.

The company stated in a statement signed by Mbanugo Udenze & CO., Company Secretary of C&I Leasing Plc and obtained by Investors King.

According to C&I Leasing, all plans were made to release the financial statements before the stipulated regulatory filing deadline but the company is “yet to obtain the approval of CBN to proceed to file.”

Therefore, the company accounts are still undergoing review with the Central Bank of Nigeria.

The statement reads, “C&I Leasing Plc (“the Company”) hereby notifies Nigerian Exchange Limited (the Exchange) and the investing public of the delay in the filing of its 2021 Annual Financial Statements for the year ended 31 December 2021 and the Unaudited Financial Statements for the period ended 31 March 2022.

“The Company’s audited accounts are still undergoing review by our primary regulator, the Central Bank of Nigeria (CBN). We had envisaged and made requisite plans in ensuring the approvals for filing was obtained before the stipulated regulatory filing deadline.

“However as at today, we are yet to obtain the approval of CBN to proceed to file.

“Consequently, the Company is also unable to file its Unaudited Financial Statements for the period ended 31 March 2022 as submission of the Audited Financial Statements is a condition precedent to filing of the Company’s Unaudited Financial Statements.

“We understand the importance of the audited report to the Exchange and the general public, and we pledge to file and make them available once they are approved by the Central Bank of Nigeria.”

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Company News

IL Bagno Rewards High Performing staff with All-Expense Paid Trip to Dubai

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Victor Nwaogu receiving Ticket from ED Black Pelican

IL Bagno, the leading total interior solutions company in Nigeria, for the world’s leading manufacturers of sanitary fittings, kitchen, tiles, doors, and other interior solutions recently recognised two members of its staff for their high performance and commitment to the success of the organisation.

Bosede Opebiyi and Victor Nwaogu both administration officers at IL Bagno’s Abuja and Lagos office respectively were awarded the IL Bagno excellence award based on a voting process by managers of the organization. They were both presented with a 5 day all-expense paid trip to Dubai and a commendation letter signed by the CEO.

Speaking on the award presentation, Mrs. Adetola Owolabi; Executive Director Black Pelican Group said ‘’as an organisation, we value and reward professionalism and exceptional performance. We voted the winners considered to be the most supportive and representatives of the ethos of hard work, diligence, and professionalism. They both represent the ideals of the company and go over and beyond to support other members of the team to achieve the organisations objectives. Consistent good work never goes unnoticed; I would therefore encourage others to emulate the diligence shown by them’’.

An elated Opebiyi thanked the organization for the kind gesture. ‘’I am proud to be a part of the Black Pelican Group, thank you for recognising my effort, I am motivated to do even more’’.

‘’I am truly humbled by the trust and faith placed in me, I feel compelled to work harder and improve my skills on the job’’ Nwaogu stated.

The debut award will be given twice in a year to deserving staff members voted by managers of The Black Pelican Group.

IL Bagno business is the business unit with the Black pelican Group that provides total interior solutions, it has carved a niche for being the preferred supplier of bathroom and other interior fittings to the most discerning clients and projects. The company recently celebrated its 18th anniversary.

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Appointments

Former Goldman Sachs Managing Director, Gurbhej Dhillon Joins Flutterwave as New the CTO

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Flutterwave - Investors King

Flutterwave, Africa’s leading payments technology company, today announced the appointment of former Goldman Sachs’ Managing Director, Gurbhej Dhillon as Chief Technology Officer (CTO).

Gurbhej joins at a key time for Flutterwave, following its recently completed Series D funding round, valuing the company at over USD 3 billion, and maintaining its rapid expansion.

As the new CTO, Gurbhej will be responsible for the further development of Flutterwave’s innovative technology platform which currently supports integrations with key technology partners like VISA, Mastercard, Discover Card Networks, and customers like Uber, Flywire, Booking.com etc. He will focus on improving the architecture and infrastructure, as well as providing leadership enabling other engineering and product leaders to create the best solutions that support business growth for customers.

Gurbhej joins Flutterwave from Marcus by Goldman Sachs, where he was the CTO and Head of Lending Engineering. He has extensive experience in enterprise application architecture across financial services and consumer businesses. At Marcus, he was responsible for launching platforms to significantly grow businesses while improving customer experience and established strategic partnerships with several Fortune 500 companies.

Prior to that, Gurbhej was CTO for Goldman Sachs’ Investment Banking Capital Markets team, responsible for the design, architecture, and build-out of strategic platforms that enabled clients to execute equity and debt product offerings.

Gurbhej is a great supporter of the Developer Community in Africa and admires the work they have done in recent times, building creative solutions at a world-class standard.

In his role as CTO of Africa’s leading technology company, Gurbhej hopes to support the Community to attain higher levels.

Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, said: “I look forward to working closely with Gurbhej as we continue to expand rapidly. With the needs of our customers constantly evolving, we remain focused on driving further innovation across the business and continuing to develop our cutting-edge technology platform that simplifies payments and connects the African market with the world. Gurbhej’s experience and deep expertise in developing financial technology platforms will be instrumental in Flutterwave’s further growth.”

Commenting on his appointment, Gurbhej Dhillon said: “I am delighted to be joining the Flutterwave team at such an exciting time for the company. As a leading financial technology company in Africa, Flutterwave is well-positioned to capitalise on the global trends in payment digitisation and continues to drive Africa’s digital transformation, creating further opportunities for customers and merchants alike. It is a very crowded market with lots of new entrants so it is vital that we as a company continually look to innovate our products and services, improve our existing architecture and create endless possibilities for everyone.”

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