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Tekedia Capital congratulates our portfolio startup, Pulse, for raising $3.9M

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Tekedia Capital congratulates our portfolio startup, Pulse, for raising $3.9M today. Nat Friedman and Daniel Gross (NFDG) led the round with participation from Sequoia Capital Scout, Soma Capital, Olive Tree Capital, Tiferes Ventures, and execs from NVIDIA, OpenAI and Ramp.

The mission is clear: “PDF parsing and OCR tools have been around for decades, yet both legacy players and AI startups still struggle with real-world document processing. We’ve seen teams lose 20-30% of their business-critical information due to poor extraction.

“To solve this, we’ve built intelligent schema mapping and fine-tuned extraction models that maintain enterprise-grade accuracy across millions of documents. Our platform is already powering Fortune 100 enterprises building RAG systems…”

Win more markets and congrats Team.

NNPCL Denies Importing 200m Liters of Petrol As Controversy Over Fuel Quality and Supply Lingers

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The Nigerian National Petroleum Company Limited (NNPCL) has strongly denied reports that it imported over 200 million liters of Premium Motor Spirit (PMS) in February 2025, stating that such claims are “completely false, baseless, and a reckless misrepresentation of facts.”

In a statement issued on Tuesday by its Chief Corporate Communications Officer, Olufemi Soneye, NNPCL clarified that it has not imported a single litre of petrol in 2025, even though it remains legally permitted to do so if necessary.

“NNPC Limited has not imported a single litre of PMS in 2025. We do not control the import activities of private marketers, nor do we issue import licenses,” Soneye said.

The company also warned against the spread of misinformation, stating that false reports could distort market realities, mislead stakeholders, and undermine public confidence in its operations.

NNPCL Maintains the Right to Import for Energy Security

While insisting that it has not engaged in fuel importation this year, NNPCL emphasized that it retains the right to do so if necessary to prevent disruptions in fuel supply.

“While NNPC Limited has not imported PMS in 2025, let it be clear that there is no legal restriction preventing us from doing so if necessary. As Nigeria’s foremost energy company, we have a duty to ensure energy security. Should any supply shortages arise, NNPC Limited retains the full right and responsibility to step in and import to stabilize the market,” Soneye stated.

However, expressing concern over what it described as deliberate attempts to misinform Nigerians, NNPCL threatened legal action against individuals or media organizations found guilty of spreading falsehoods about its operations.

“Misinformation of this magnitude does a grave disservice to the public, distorts market realities, and misleads key stakeholders. NNPC Limited will not tolerate the spread of false and malicious reports aimed at undermining its reputation,” the statement warned.

The national oil company urged media organizations to verify their facts before publication and assured Nigerians of its commitment to transparency and accountability.

Background: Reports of NNPCL’s Alleged Importation

The controversy began following a report that NNPCL imported 159,000 metric tons of PMS (equivalent to over 200 million litres) between February 1 and February 12, 2025.

The report triggered a wave of public backlash, with many Nigerians questioning why the country continues to import petrol despite repeated assurances that local refineries—particularly those owned by NNPCL—were undergoing refurbishment.

The debate also fueled concerns about NNPCL’s role in fuel distribution, especially in light of recent fuel price hikes and scarcity in some regions.

NNPCL Links Fuel Supply to Dangote Refinery Amid Accusations
In its defense, NNPCL stated that some of the PMS sold at its retail stations in Lagos, including the fuel purchased at its Ojodu Berger outlet, came from the Dang1ote Refinery.

“A significant percentage of Premium Motor Spirit sold at NNPC retail stations in Lagos—where this deceptive video was created—is sourced from the Dangote Refinery, a strategic partner in promoting local production and energy security,” the company said.

NNPCL further assured Nigerians that its petrol is “carefully formulated with one of the best compositions, ensuring optimal efficiency, durability, and environmental sustainability.”

The company also dismissed a viral video alleging that fuel purchased from its stations burns faster than expected, labeling the claim as “unverified and amateur research that lacks credibility, accuracy, and professional oversight.”

“We will not tolerate deliberate misinformation designed to undermine our operations and mislead Nigerians,” NNPCL warned, vowing to take legal action against individuals spreading falsehoods about its business.

Dangote Refinery Denies Link to Dirty Fuel

Despite NNPCL’s assertion that its fuel supply came from Dangote Refinery, sources from Dangote Industries Limited have denied it, questioning why NNPCL was attempting to link its fuel supply to the private refinery.

An unnamed official from Dangote Refinery, who spoke to The Punch, stated that while the refinery supplies high-quality PMS, it does not account for all fuel sold by NNPCL.

“NNPCL has its refineries and has also been importing fuel from other countries. So why are they now trying to tie this issue to Dangote Refinery? It makes no sense,” the official said.

Another insider source said that NNPCL might be trying to drag the refinery into a controversy to divert attention from its own operations.

“The NNPCL may be trying to drag the refinery into a controversy, but I don’t think that is necessary; they should just be ignored. The NNPCL is just trying to be smart. They’ve been importing. Have they come out to say, no, we are not importing it? So, what are we talking about? They also have their refineries. We don’t sell substandard fuel, and Nigerians know that.

“We can’t respond to such a press release. When something is good, it is good. No doubt about it. Everybody is confirming that. Everybody can testify to it,” the source added.

While NNPCL insists it will not import petrol in 2025, reports of fuel importation and distribution data suggest otherwise. The company has been criticized over fuel quality concerns, with some Nigerians claiming that the petrol it sells burns faster than that of other suppliers.

The controversy surrounding fuel importation and supply in Nigeria seems far from over. While NNPCL remains the dominant player in the petroleum sector, recent happenings raise questions about transparency in fuel importation and pricing.

With continued delays in fully revamping Nigeria’s state-owned refineries, the debate over local production versus importation is likely to intensify, especially as Nigerians grapple with rising fuel costs and inconsistent supply.

The Future of Conservation: Enduring Importance and Flourishing Practices

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Conservation has seen a renewed interest over the past few years. With this in mind, let’s take a look at why conservation is so important, and how technology can help the cause.

The Balance Between Entertainment and Conservation

Safaris are a popular experience that allows tourists to become acquainted with local wildlife. In the spirit of conservation, more safari experiences offer virtual safaris that utilize live streaming technology, so that viewers can watch the animals live, but also respect their privacy. In addition, there are several TV shows that focus on the importance of conservation, whilst also entertaining audiences. The CBS series Extraordinary World with Jeff Corbin is just one example of entertaining TV that also highlights animal rights issues and environmental conservation.

Similarly, players can find a range of online slots at Paddy Power that are set in wild, diverse virtual environments, providing animal-centric entertainment without impacting their physical environs. Amazon Island Megaways creates an immersive jungle with monkeys, leopards, and blue parrots, whilst Wild Wild Bison uses the iconic animal to make the desert plains of the US more engaging and believable. Africa and African safaris are also virtualized in this way, with games like Silver Lion, Rhino Rampage, and Stampede using the iconography of local wildlife for an authentic themed virtual casino experience.

This highlights the push towards conscious consumerism within entertainment, striking a balance between engagement and pressing the reality of real issues like conservation. With this in mind, there has been a rise in conservation efforts around the world.

Conservation Investment Initiatives

Africa is home to one-fifth of all biodiversity in the world. That said, the UN has reported that old-growth forests are being cut down or dying at a rate of more than 4 million hectares every year. This rate is particularly alarming, as it is twice the average for the rest of the world. In addition to this, endangered species are also being reduced in size due to a wealth of issues. For example, the population of rhinos has been reduced to 5% of what it was just 3 decades ago.

With this in mind, 196 countries have committed to protecting 30% of land and sea globally by 2030. But, this crucially comes at quite a cost – a cost that some country’s economies may not be able to afford. As figures from Forbes suggest, there is a yearly deficit of $830 billion for such conservation efforts.

To plug the gap, this money is largely found through private investors. Take the Africa’s Most Endangered Species (AMES) Foundation. This non-profit organization is funded by entrepreneurs, CEOs, and so on, to invest in new technologies for profitable and scalable biodiversity conservation.

Sustainable Agriculture Technologies

One of the key trends to come out of this renewed interest in conservation technologies is sustainability. This is why the International Fund for Animal Welfare (IFAW) is working to promote climate-smart conservation practices using sustainable agriculture technologies.

This involves using satellite imagery and GPS to optimize the usage of water and chemical treatments, reducing waste and damage to the environment, as well as using smart technologies to optimize the management of water, livestock, fertilizers, and pesticides.

These techniques not only help to preserve the environment but also the ecosystems themselves. It helps to manage the impact of climate change through a holistic approach to mitigate the decline in animal populations.

And there you have it – by using technologies and investing in modern approaches to conservation, this could have a lasting impact on the future of the world’s diverse environments.

The gambling industry and AI: cause for concern

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Thanks to artificial intelligence, gambling companies have a new tool to work with. The representatives of the gambling business claim that AI is used to improve the quality of customer service. Such technology certainly increases user engagement. However, it also has a downside: there is a perception that it leads to the aggravation of addiction. The ethical dilemma here is whether the pursuit of profit is prioritized over the well-being of people prone to addiction.

For example, in horse racing, AI can analyze data such as horse performance and track conditions. It also analyzes the statistics of jockeys and trainers. As a result, it calculates the probability of victory for a particular horse, but the player makes the final decision on whether or not to bet. The result is that casual punters can get professional-level information. AI has simplified everything considerably.

AI is being used in many countries to predict the outcome of competitions, but the trend is particularly prevalent in India. The government recently had a high-profile case involving using neural networks to bet on cricket. This sport is very popular here. It is not necessary to visit a bookmaker to make a bet; you can gamble on mobile devices. You only need to download one of the best cricket betting apps in India, register, and top up your balance. Users are eager to use AI to research an upcoming cricket event and place a bet with a high chance of winning.

However, AI is not limited to analyzing matches. Companies are also using AI to customize the gaming experience for players. Personalizing the betting experience is promising for gambling companies. Users receive relevant content based on their past activity and similarities in behavior with players close to them. The prevailing sports trends are also taken into account.  

But AI is also being developed to track gambling behavior problems in customers of gaming companies. It tracks key behavioral shifts such as recurring losses or chasing losses, impulsive behavior, and overall spending. That is, artificial intelligence technology can identify key traits that may indicate the presence of gambling addiction or fraudulent behavior. Its algorithms depend on data such as user account activity, betting frequency, bet amounts, and types of bets placed.

Africa’s cybersports infrastructure fails to keep up with user demand

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Kenya and other African countries have seen an upswing in cybersports activities and betting. This is partly due to the increased availability of the internet and devices such as smartphones, personal computers, and consoles. The most popular games are EA Sports FC, Call of Duty, and Tekken.

In order to meet the growing demand of Africans for cyber sports, professional teams at different levels have been created, and quite large and significant events have been organized. This is because interest in video games is growing in Africa, the continent with the youngest population. Between 2015 and 2021, for example, the number of video game consumers in Africa grew from 77 million to 186 million. And some of them have become professional gamers over time. For example, the Ace Gamers team recruits and trains players for EA Sports FC, Apex Legends, “Mortal Kombat” and other games.

There is nothing better than large-scale cybersport events, such as the two-day Carry1st Africa Cup finals, to increase the interest of experienced gamers in games and attract new ones. Prior to this, qualifying events were held for seven months in the most developed African countries, from Egypt to South Africa. More than a hundred teams participated.

Cybersports are based on online multiplayer games, which disadvantage African players. The continent’s infrastructure for this type of game is not the most developed. However, Carry1st is working on a solution to this problem. Over the past two years, the company has partnered with many game development companies to help them launch servers in Africa. This has been done for Call of Duty: Mobile and the tactical shooter Valorant.

Along with cyber sports, e-sports betting is also growing in popularity. This is because Africans have recently gained access to many bookmakers. Among the latter, Melbet, Mostbet, and 1win are particularly noteworthy. However, Melbet stands out with unique bonuses and high odds, so many players choose it. To start betting on cybersports, you just need to go through Melbet login registration and replenish your balance.

The financial issue also remains difficult, as it is not easy for players to find sponsors and big-money tournaments are rarely held. For example, the total prize pool for the same tournament in Nairobi was $15,000. Such restrictions are causing significant harm to the cybersports sector in Africa. To solve this problem, it is necessary to prove that African cybersport is interesting and is watched by many people. If it succeeds, then money will be invested in it.

So, the prospects for cybersports in Africa look attractive, provided certain current problems are solved at the local level.  It is important that African players are on an equal footing with other cybersports players.