Nigeria Digest: Key Developments on August 4, 2025

The SEC highlighted West Africa's emergence as a global hotspot for virtual asset adoption, citing high remittance flows and the potential for cryptocurrency to disrupt traditional financial systems.

A cybersecurity expert called on African organizations to prioritize strategic, governance-led framework implementation to strengthen cyber defenses and digital resilience.

Algo Capital closed its Algo VC Fund at $200 million, using a strategy focused on investing across the Algorand ecosystem, from blockchain protocol to applications for borderless economic growth.

Chams HoldCo announced a hybrid equity offer of N7.9 billion to raise capital for expansion, support long-term growth, and strengthen the company’s financial position.

AI retargeting is poised to define the next decade in marketing, with AI-generated ads showing 37% higher purchase intent and solving marketing’s challenge of measuring touchpoints driving sales.

Tanzania is advancing gender equality in STEM through initiatives like the African Girls Can Code program, supported by policy reforms and partnerships with UN Women and others to empower girls in digital skills.

The 2026 Commonwealth Youth Awards will recognize young people aged 15–29 leading impactful development work, with applications open until October 17, 2025.