Nigeria’s top-level domains (TLDs) are one of the costliest in international markets. .ng and .edu.ng can cost a lot to register compared to other TLDs this is a result of the laid down policies of the Nigeria Internet Registration Association (NIRA), the government organization is responsible for determining the prices of some of these domains.
Other times, how much it costs to register a domain name may also be influenced by the service charge from the registrars, who are responsible for overseeing and registering the domains on behalf of their prospects, they are businesses and in to make a profit.
You should also consider some other factors such as the rising demand for certain TLDs, maintenance, and administrative cost when factored in inflates the prices of some of these domain names. If you are bent on finding the best deals, you might want to look at different registrars and compare prices, also some of them might just be offering some discounts or be on promotion.
For example, currently, in Nigeria, the prices of .com domain names have increased from around 4500/6000 to around 8000/12000, even with this price increase which is as a result of the instability in the country’s currency a few registrars are still selling at the old price of N5000, but you may not find out about these offers if you don’t shop around to see what’s up for grab.