97% price drop leads to more .ng domain registrations and a growing number of Sedo listings.
Yesterday I wrote about how Nigeria Internet Registration Association (NIRA), the registry for .ng domain names, had slashed the price of second level .ng domain registrations by 97%. The new price is equivalent to about $95 USD; previously it was $3,165 per year.
That has sparked a jump in registrations, even at a price that’s relatively high for a second level domain registration.
The registry informed me that about 1,700 second .ng domains have been registered since the price reduction took effect April 16th, 2013.
Judging by the 85 .ng listings on Sedo, a lot of these registrations are probably domain hacks ending in .ng. Some of the domain hacks listed for sale include sla.ng, roofi.ng, and uploadi.ng.
Some people listing domains on Sedo are asking prices in the 10,000 EUR range.