Crowdfunding is a collective effort of individuals who network and pool their money, usually via the internet, to support a business or some other cause initiated by an individual or organization. In other words, crowdfunding is an arrangement in which a “crowd” of people collectively raise the amount of money needed to support a project.

The Nigerian stock market performance indicators declined for the third day in a row, with investors losing N135 billion on Wednesday from equity trading.

First City Monument Bank (FCMB) Limited, has partnered with House of Tara International to launch an economic empowerment initiative for women known as the Beauty Business On the Go (BBOG). The initiative is aimed at empowering women to become entrepreneurs so as to enable them realise their aspirations through the solid platform provided by the project. This is in line with one of the Corporate Social Responsibility (CSR) focal areas of the Bank and its value as a helpful financial institution. House of Tara International is a well-known Nigerian-based beauty brand and make-up school.

The National Insurance Commission, NAICOM, said that the current Transformation Agenda is offering the insurance industry the opportunity to readjust its governance, operational structures and leverage on the interest and support provided in the policy direction of the Commission.

The National Insurance Commission, NAICOM, has said that insurance companies must have a minimum of four functional offices in Nigeria before they will be given approval to open an office outside the shores of Nigeria .