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NiRA Moves to Deepen Domain Name Registration

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  • NiRA Moves to Deepen Domain Name Registration

Worried about the low rate of domain name registration in Nigeria, which stood at less than 100,000 registrations as at December 2016, the Nigeria Internet Registration Association, the body managing the country’s domain name registration, is considering new strategies in 2017 that will raise the consciousness of Nigerians to register with the country code Top Level Domain name, (ccTLD), the .ng domain name, which is Nigeria’s identity in cyberspace.

The new strategies, according to the President of NiRA, Reverend Sunday Folayan, would be part of the activities to extend the reach and increase the registration of .ng this year and provide opportunities to NiRA accredited registrars and to registrars of other ccTLDs.

He said NiRA is on the verge of signing Memorandum of Understandings (MoUs) that will provide opportunities for NiRA accredited registrars to have access to the registries of other ccTLDs in Africa without undergoing the accreditation process of those ccTLDs. The accredited registrars of these ccTLDs would also have the opportunity to access the .ng registry.

“NiRA Academy will also set up an Internet Protocol version 6 (IPv6) laboratory with African Network Information Center (AFRINIC) at NiRA office complex, and the plans include improving on the infrastructure for doing business, using the .ng domain name,” Folayan said.

Another strategy to populate the .ng domain name, which he said is in the pipeline, is the second edition of the NiRA .ng Awards, to further appreciate excellence and innovation for those online using .ng domain names.

“In a couple weeks, we shall rollout the plans at a press conference and modalities for nominations and voting. The 2nd edition of .ng Awards would hold by the 21st of April 2017. We expect active participation of our stakeholders in the nomination exercise and voting process,” Folayan added.

Nigeria’s .ng domain name registration, however, moved up slightly by 3,236 in September last year, and by additional 3,483 registrations in October last year bringing the total number of registered domain names in the country to 77, 776 as at October 2016, according to the statistics released by NiRA.

Although there were few thousands of registrations in November and December last year, the total number of registered .ng domain name as at December last year, fell short of 100,000.

Folayan, in his monthly release late last year, gave details of domain name registration for the months of August, September and October. According to him, “Domain Name registrations and renewals at the registry have steadily increased on month per month basis and year per year basis, even though the increase is at a slow pace.

The domain names registered and renewed in September 2016 was 4,915, which is more than twice the registration in September 2014, that was 2,370 and far more than the registration in September 2015, that was 3,322, Folayan said in one of his reports.

A breakdown of the figures, show that in August 2016, Nigeria recorded 3,007 domain name registrations with 1,567 renewals and 118 transfers, while in September 2016, Nigeria recorded 3,236 domain name registrations with 1,679 renewals and 43 transfers. In October, Nigeria recorded 3,483 registrations, with 1,823 renewals and 81 transfers.

As at July 2016, the total number of .ng domain names registered in the country in the last 10 years, was 68,050, but with the additional registrations by the registrars in the months of August, September and October last year, the figure rose to 77,776 .ng domain registrations as at October 2016.

In technical parlance, domain name which could be country code Top Level Domain name (ccTLD) or generic top level domain (gTLD), is the identity of individuals and organisations in cyberspace. For anyone to have access to internet activities privately, the individual must register with a domain name that represents a country. For instance, Nigeria’s domain name in cyberspace must have the suffix .ng, Canada is .ca, South Africa is .za, United Kingdom is .co.uk, among others.

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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Elon Musk Promises to Reward Best Carbon Technology $100 Million

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Elon Musk Promises to Reward Best Carbon Technology $100 Million

The Chief Executive Officer (CEO) of Tesla Inc. has announced that he will donate $100 million in reward for the best carbon capture technology.

The richest man in the world disclosed this in a tweet on Thursday.

“Am donating $100M towards a prize for best carbon capture technology,” Musk tweeted. “Details next week.”

Elon R Musk gained +$375 million in the last 24 hours to take his total gain in net worth this year to $32 billion and $202 billion total net worth.

Musk, who worth just about $27 billion in January 2020, has risen through the rank to top the world’s richest billionaire index.

The $100 million would be Musk’s largest known donation to date and represents around 0.05 percent of his net worth.

In 2012, Musk signed “The Giving Pledge” to join the list of billionaires that promise to donate half of their fortune to charity in their lifetime or in their wills.

Musk worth just $2 billion when he signed the pledge.

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YouTube Suspends Trump Channel

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YouTube Suspends Trump Channel

Google-owned YouTube on Tuesday temporarily suspended President Donald Trump’s channel and removed a video for violating its policy against inciting violence, joining other social media platforms in banning his accounts after last week’s Capitol riot.

Trump’s access to the social media platforms he has used as a megaphone during his presidency has been largely cut off since a violent mob of his supporters stormed the Capitol in Washington DC last week.

Operators say the embittered leader could use his accounts to foment more unrest in the run-up to President-elect Joe Biden’s inauguration.

“In light of concerns about the ongoing potential for violence, we removed new content uploaded to Donald J. Trump’s channel for violating our policies,” YouTube said in a statement.

The channel is now “temporarily prevented from uploading new content for a ‘minimum’ of 7 days,” the statement read.

The video-sharing platform also said it will be “indefinitely disabling comments” on Trump’s channel because of safety concerns.

Facebook last week suspended Trump’s Facebook and Instagram accounts following the violent invasion of the US Capitol, which temporarily disrupted the certification of Biden’s election victory.

In announcing the suspension last week, Facebook chief Mark Zuckerberg said Trump used the platform to incite violent and was concerned he would continue to do so.

Twitter went a step further by deleting Trump’s account, depriving him of his favorite platform. It was already marking his tweets disputing the election outcome with warnings.

The company also deleted more than 70,000 accounts linked to the bizarre QAnon conspiracy theory, which claims, without any evidence, that Trump is waging a secret war against a global cabal of satanist liberals.

Trump also was hit with suspensions by services like Snapchat and Twitch.

The president’s YouTube account has amassed 2.77 million subscribers.

The home page of the Trump channel featured a month-old video of Trump casting doubt on the voting process in November’s presidential election, and had logged some 5.8 million views.

On Tuesday, an activist group called on YouTube to join other platforms in dumping Trump’s accounts, threatening an advertising boycott campaign.

(AFP)

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Analysts Predict 1,137% Earnings Per Share Growth for Shopify’s Full Year 2020

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Analysts Predict 1,137% Earnings Per Share Growth for Shopify’s Full Year 2020

While the pandemic has devastated countless businesses, it has provided a major boon for eCommerce platform Shopify.

Shopify’s stock rallied by 169.9% in 2020 compared to the industry’s 26.6% growth. As of mid-December 2020, according to the research data analyzed and published by Finnish site Sijoitusrahastot, it had a 90 RS rating, which means that it had outperformed 90% of stocks during the year.

Based on the Zacks Consensus Estimate, its Q4 earnings per share (EPS) are set to jump by 188.37% to $1.24 while its sales will grow by 78% to $899.2 million. For the full year 2020, analysts project a massive 1,137% jump for the Shopify EPS.

Shopify Merchants Sell Over $5.1 Billion on Black Friday, Cyber Monday

Since Shopify went public in 2015, its stock has risen over 40-fold to more than $1,200 at the end of December 2020. Between 2016 and 2019, it skyrocketed by over 1,400%.

The eCommerce platform’s earnings for Q1 to Q3 2020 grew at an average of 552%. That was well above the 101% three-year average. In Q3 2020, its revenue nearly doubled from $390.6 million to $767.4 million.

Earnings in Q3 2020 rose from a net loss of 29 cents to $1.13 per share. Gross Merchandise Volume (GMV) soared by 109% reaching $30.9 billion, compared to 46% in Q1 2020 and 119% in Q2 2020. For the first nine months of 2020, there was a revenue increase of 82%.

For the first time, Shopify’s GMV surpassed that of eBay in Q2 2020, doing it again in Q3 2020. It claims to have a 6% share of the US market, higher than eBay’s but lower than Amazon’s 37%.

During the Black Friday Cyber Monday weekend, merchants on the Shopify platform sold goods worth $5.1 billion. Compared to 2019, this marked a 76% uptick and set a new record. Comparatively, independent businesses on Amazon sold goods worth $4.8 billion. The number of buyers on Shopify increased by 50% year-over-year (YoY) to 44 million during that weekend.

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