The new Nigerian domain country code extension is a force to be reckoned with and there is no doubt about it, but the question that comes to my mind every time is; it will be a blessing for this great country or another curse like black gold or call it oil.
The Nigerian Internet Registry Association has launched .ng to further improve the use of Internet names. However, .ng is not restricted to only Nigerians; the newly released country code has been adopted by bing.com, Google and others to protect their brands, as well as some domain business gurus. The new extension is a new source of money for Nigeria and those who have ideas for domain businesses.
The extension will surely improve the country’s economy like oil, if some important factors are taken into consideration as soon as possible. The .ng ccTLD is a second-level extension that rings true for all calibers of domain merchants.
WHY IS .NG A FORCE TO BE reckoned with?
Unlike the .com.ng extension, .ng is much more virtuous for those who have the knowledge and foresight for the domain business; this particular extension spanned every industry mankind has ever known, such as the king of domain extensions known as .com; the .ng allows you to get premium names that are no longer available when you add .ng instead of .com; also makes premium domains available when .ng is added to some unavailable premium names that have to do with vowels; most generic words like the following: ki.ng instead of king.com also bi.ng instead of bing.com while giving ri.ng instead of ring.com.
As of this writing, most of the premium names with the .ng extension have been registered or protected, because they are no longer available or have been reserved by the Nigerian Internet Registration Association.
As of now, within two months, some high-profile domains have been registered, such as property.ng insurance.ng, banking.ng, banki.ng, mortgagi.ng, hosti.ng, etc. Also, most of the premium short four letters are now on the back like the one for the .com extension, i.e. sex.ng etc. I’m not quite sure if USA.ng will be available now or sooner. The extension was released on April 16, 2013 and now in May, for one to get the high profile generic is like going through the eye of the needle.
The extension has to do with any industry, be it legal or any trade or business you can mention, you even need it more when you have the.com, to avoid some traffic or customer loss with your competitors.
This is another source of money making for Nigeria as a nation and individuals if they quickly invest in the right domains now before someone else buys them; domain is very profitable in hard currency. Most of these domains are sure to cost millions of dollars in the near future.
I now invite entrepreneurs to come and invest in this lucrative market before all the good ones are taken over by others; However, the domain business is a great investment by nature, but it appreciates over time like real estate, it is different from stocks; domain is highly profitable if you can get a good generic now and this is the real time to invest real money in the business.
This is a far better wealth bringing business than the stock market, each individual can purchase/register any high profile generic one word short domain available in this new country code extension.
Lastly, I am writing this to urge Nigerians to avoid the loss of most of our shares of internet fortune or the opportunity for many easily educated people from other nations to step in at the right time to have their own ownership stake. virtual Internet as soon as possible.