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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

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Akinwumi Adesina Lauds Dangote Commitment to Africa’s Growth After Visiting Dangote Refinery

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Dangote and Akinwumi

The President of the African Development Bank Group, AKinwumi Adesina has lauded Aliko Dangote’s dedication to Africa’s growth.

Akinwumi, who was on a visit to Dangote Refinery with his wife, said the $16 billion investment is the largest single-train refinery in the world. He described the petrochemical industrial site as a game-changer for Nigeria and the entire Africa.

“I was delighted to visit Dangote’s incredible world-class refinery and petrochemical plant with my wife Grace, with @AlikoDangote and @realFemiOtedola. The power of vision. Whenever the two billionaires get together they do great things! Nigeria is proud of them,” Mr. Akinwumi stated via his official Twitter handle @akin_adesina.

Dangote, Otedola and Akinwumi and his wife, Grace

Dangote, Otedola and Akinwumi and his wife, Grace

“I was very impressed with Dangote’s refinery and petrochemical industrial zone. A $16 billion investment. The largest single-train refinery in the world. It shows Africa’s power to industrialise. A game-changer for Nigeria & Africa. Well done @AlikoDangote! I am proud of you.”

On Monday, Investors King reported that Dangote Refinery has perfected plans to start processing as much as  540,000 barrels of oil per day in the third quarter of 2022.

The refinery has a processing capacity of 650,000 barrels per day. However, it is kick-starting operations with 540,000 barrels per day while the Refinery is expected to generate 400MW, an equivalent of Ibadan Electric Distribution Company (IBEDC).

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FG Has Empowered 4million Businesses With N150bn in Five Years– Osinbajo

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Business Solution - Investors King

The Federal Government of Nigeria, in the last five years, has disbursed N150 billion to boost four million businesses across the country.

The business empowerment was done through the federal government schemes set up for micro, small and medium enterprises (MSMEs), Vice-president Yemi Osinbajo says.

Osinbajo stated this on Monday, in a statement issued by his Spokesperson, Laolu Akande while delivering his keynote speech at the Bank of Industry (BOI) ‘Aid for Productivity Report’ launch. 

He noted that the support for the MSMEs sector amounts to 50% of Nigeria’s GDP and 76% of the country’s labour force.

The vice-president pointed out that the sector attained success due to the diligence and commitment of Nigerians which he described as ‘the Nigerian can-do spirit and the entrepreneurial DNA we carry.’

Impressed with the results derived, Osinbajo commended the youths who took advantage of the MSMEs schemes to grow their business.

“This is a shining case study of what President Muhammadu Buhari strongly believes– that Nigerians will solve Nigeria’s problems.

“This is an example of what we can achieve when we unleash the best of our people, especially our young, on the toughest of our challenges and give them the free-hand to deliver results. 

“What might also not be obvious is the sheer scale of impact that has been achieved with these programmes, as over four million Micro, Small and Medium Enterprises have been direct beneficiaries of the over N150 billion deployed in the past five years,” he said.

Disclosing the statistics of the beneficiaries, Osinbajo said 57% of the businesses are owned by Nigerians below 35 years, and 60% of the beneficiaries are women. 

He added that the team of Nigerian professionals solidly backing the work are youths with an average age of 28 years. 

Osinbajo, who had earlier visited Kaduna and conversed with a Tradermoni scheme beneficiary during its launch in the state, expressed satisfaction on the impact of the scheme.

He said the beneficiary, Jafar Abubakar who sells ginger and garlic was one of the 5,000 traders who got ₦10,000 to improve his business.

“This is perhaps for me one of the most satisfying things about the way our social intervention schemes are deployed. That there is a platform that can process applications from potential beneficiaries, payout credits or other benefits, and maintain auditable records seamlessly. It is those people and infrastructure that make this happen that we are celebrating today.”

The vice president hinted that the idea was birthed 6 years ago with the aim of building systems that will serve the population fairly and justly, bringing credibility to government programmes. 

He, however, mentioned that one of the hindrances encountered was directly reaching the people, to capture and digitize their bio-data as well as get their benefits across to them directly in a transparent way.

Osinbajo lauded the infrastructure and transparency behind the BOI Growth schemes.

He also commended Toyin Adeniji, executive director of BOI and Uzoma Nwagba, the chief operating officer; the co-authors of the ‘Aid for Productivity’ report presented at the launch.

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SEC Gives Dangote Cement Waiver to File AFS Within 60 Days of Year-End

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Dangote Cement - Investors King

Dangote Cement Plc has received approval from the Securities and Exchange Commission (SEC) not to file its fourth-quarter unaudited returns within thirty days of its period end.

The company disclosed in a statement signed by Edward Imoedemhe, Deputy Company Secretary.

However, the company must file its annual audited financial statements within sixty days of its year-end.

Dangote Cement, therefore, announced that it will file its Audited Financial Statements for the period ended December 31, 2021, on or before February 28, 2022.

The statement reads “Dangote Cement Plc (“DCP”) hereby announces that further to its request for a waiver, the Securities and Exchange Commission has granted approval for DCP not to file its Fourth Quarter Unaudited Returns within thirty days of its period end, but to file its Annual Audited Financial Statements within sixty days of its year end.

“In view of this, DCP will file its Audited Financial Statements for the year ended December 31 2021, on or before February 28 2022.”

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