Economy
Molex Envisions the Future of Robotics in New Industry Report that Considers the Rising Potential of Human-Machine Collaborations
- Advances in artificial intelligence, machine learning and sensor fusion drive robotics functionality across factory, home, classroom, healthcare and military applications
- Ongoing innovations in high-speed connectivity, edge computing, network redundancy and fail-safe procedures crucial to optimizing robotics opportunities
- Emergence of natural language processing and emotional AI functionality poised to propel more intuitive, responsive and adaptive human-machine interaction
LISLE, IL – Media OutReach Newswire – 3 December 2024 – Molex, a global electronics leader and connectivity innovator, has issued a thought leadership report that looks at the future potential of robotics, resulting in more intuitive, intelligent and interconnected human-machine communications and collaborations. “The Molex 2024 Robotics Report: How Robotics will Empower Human Potential” contemplates a future where highly advanced robotics systems and multipurpose robots transform fundamental aspects of everyday life — from improving how factories function and students learn to making smart homes more efficient, elevating patient care and increasing support for military operations.
“As we explore the role of robotics across various industries, it is becoming increasingly apparent that the future will be shaped by the evolving relationship between humans and machines,” said Brian Hauge, SVP and president, Consumer and Commercial Solutions, Molex. “This latest industry report sheds light on a promising future of unprecedented human-machine interactions while underscoring the critical need for enabling technologies and seamless connections between robotics systems and their human counterparts to empower faster, more effective and extremely precise decision making.”
Foundational Technologies Driving Robotics Advancements
The future of robotics depends in larger part on the continued evolution of core communications and computing technologies that enable autonomous operation in dynamic environments. Topping the list is high-speed connectivity, as robotics systems require low-latency communications and near-instantaneous data transfers to respond with speed and precision. While 5G/6G networks will deliver high bandwidth, low latency communications, it is important to design robotics solutions with multiple connectivity options, including the ability to switch between 5G and Wi-Fi or satellite networks that provide multi-channel redundancy.
Equally important, processing data locally on nearby edge devices ensures uninterrupted, independent operation of robotics systems and robots. With edge computing, for example, these automated solutions can process data instantaneously, which is essential for applications requiring split-second decisions. In most industrial automation or manufacturing environments, robots are always programmed with fail-safe protocols that throttle back power and functionality to a safe operational state if connectivity is disrupted or compromised.
Benefitting from AI/ML and Sensor Fusion Innovations
As the biggest engines behind robotic adaptability, advancements in AI and ML are crucial. AI algorithms let robots make informed decisions based on real-time data while adapting quickly to new circumstances, and even predicting future conditions based on past interactions. Through ML, robots can analyze patterns to optimize behavior while increasing efficiency and accuracy by continually learning, adapting and improving performance. Sensor fusion combines data from different sources, such as LiDAR, cameras, along with depth and force sensors, to help multipurpose robots better perceive depth, movement and obstacles in different settings.
Important Factors in Greater Human-Robot Interactions
According to Molex’s robotics report, robots that can understand, respond to, and even anticipate human emotional and contextual needs are on the horizon. With Natural Language Processing (NLP), for instance, robots can follow spoken commands, engage in dialogue and adjust actions based on contextual understanding. Additionally, emotional AI enables robots to recognize and respond to emotional cues by analyzing a human’s tone of voice or facial expressions. Molex expects this rise in human-centered interactions to foster a deeper sense of engagement, enabling future robotics systems and autonomous robots to adapt more readily to complex home environments, and take on new roles as personalized educational tutors, indispensable surgery assistants and continuous patient monitors.
With the arrival of Industry 4.0, collaborative robots, or cobots, are gaining traction in handling increasingly complicated duties in industrial settings. Not only can robotics systems and an entire fleet of robots keep production lines running smoothly, but they can also anticipate and fix potential manufacturing bottlenecks while helping engineers design better products. In the future, cobots will redefine precision and personalization in every environment, including operating rooms, classrooms and battlefields.
Critical Enabler of Robotic Transformations
Major advances in robotic technologies and greater interaction opportunities will require innovations in connectivity, power management and data processing. Molex’s robust portfolio of resilient and reliable connectors will enable ever-increasing collaboration between humans and machines to support the most demanding applications across diverse industry sectors.
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The issuer is solely responsible for the content of this announcement.
About Molex
Molex is a global electronics leader committed to making the world a better, more connected place. With presence in more than 40 countries, Molex enables transformative technology innovation in the automotive, data center, industrial automation, healthcare, 5G, cloud and consumer device industries. Through trusted customer and industry relationships, unrivaled engineering expertise, and product quality and reliability, Molex realizes the infinite potential of Creating Connections for Life. For more information, visit 
www.molex.com.
By Aduragbemi Omiyale
Capital market operators have been directed to immediately freeze the assets, funds, and other economic resources belonging to six individuals and three entities designated as terrorist financiers by the Nigeria Sanctions Committee (NSC).
This directive was given by the Securities and Exchange Commission (SEC) via a circular to all Capital Market Regulated Entities (CMREs), warning that failure to comply would constitute a violation of the Investments and Securities Act, 2025, and the SEC Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Rules and Regulations.
It said violations could attract regulatory sanctions, including fines, suspension of operations or revocation of registration, reminding capital market operators that all unusual or suspicious transactions must be promptly reported to the NFIU.
The regulator, which stated that the designations were made in line with the Terrorism Prevention and Prohibition Act (TPPA) 2022, listed the six individuals as Babangida Muhammed Adamu Hammajam, Abdullahi Umar Usman, Ibrahim Abubakar, Adamu Chiroma, Muktar Muhammad Adamu and Yakubu Ogirima Ibrahim. The three designated entities are Nine to Nine BDC Ltd, Generation Currency BDC Ltd and Abbal Bako & Sons Bureau de Change.
According to the SEC, Hammajama was listed on June 18, 2026, for involvement in terrorism financing and support for the Islamic State West Africa Province (ISWAP), while Usman was designated for providing material support to a designated terrorist organisation through repeated financial transactions.
The commission said Abubakar was listed for involvement in terrorism financing and membership of ISWAP, while Chiroma was designated for allegedly using Bureau De Change (BDC) operations and related corporate entities to facilitate the movement of funds linked to terrorist activities.
Muktar Muhammad Adamu was listed on June 15, 2026, for providing financial support and facilitating transactions linked to the financing network of the ISWAP Okene cell, while Ibrahim was designated for providing material and financial support to the ISWAP Kogi cell.
The SEC said the three entities were listed for their alleged involvement in facilitating and channelling funds connected to the ISWAP Okene financing network.
The commission directed CMREs to immediately identify and freeze, without prior notice, all funds, assets and other economic resources in their possession belonging to the designated persons and entities.
They are also required to report frozen assets and other compliance actions, including attempted transactions, to the Secretariat of the Nigeria Sanctions Committee.
In addition, the SEC directed regulated entities to immediately file suspicious transaction reports with the Nigerian Financial Intelligence Unit (NFIU) for further analysis of the financial activities.
It further instructed operators to report as suspicious transactions all cases of name matches in financial transactions, whether occurring before or after receipt of the sanctions list.
The regulated entities are also required to prohibit dealings with the designated persons and entities and continue monitoring for transactions involving them.
The SEC said any findings should be reported to the Nigeria Sanctions Committee through its designated reporting channel.
By Adedapo Adesanya
Dangote Sugar Refinery Plc, Nigeria’s biggest sugar producer, has raised N486 billion ($356 million) through an oversubscribed rights issue as the company moves to reduce its debt burden and strengthen its capital base after three consecutive years of losses.
The company, founded by Mr Aliko Dangote, raised the funds through the issuance of 8.1 billion ordinary shares at N60 per share, according to a filing with the Nigerian Exchange (NGX) Limited on Friday.
The development follows shareholders’ approval of the capital-raising plan at the company’s 20th Annual General Meeting held in April.
In a statement signed by the Company Secretary, Mr Temitope Hassan, the sugar firm said the rights issue is part of efforts to improve its financial position and provide funding to support its long-term growth plans.
The company’s directors are authorised to raise up to N500 billion through a rights issue, on terms and at a time to be determined by the Board.
Dangote Sugar increased its share capital to accommodate the new shares issued under the rights issue. The sugar producer’s board also authorised to allot the shares and the management of any fractional holdings in accordance with regulatory requirements.
The organisation said any shares remaining unallotted after the offer would be cancelled as permitted by law, describing the capital raise as one of the largest rights issues in Nigeria’s corporate history.
The capital raise comes against the backdrop of improved revenue performance but continued losses at the company.
In its 2025 audited results, Dangote Sugar recorded a 24.56 per cent increase in revenue to N829.2 billion, compared with the previous year. The growth was driven largely by strong demand for 50kg sugar, which generated N807 billion in revenue.
Retail sugar sales contributed N17.7 billion, while molasses and freight income generated N4.02 billion and N66.4 million, respectively.
Cost of sales increased by 11.35 per cent to N706.5 billion, largely due to raw material costs of N573.3 billion. This resulted in a gross profit of N122.6 billion.
Despite the improvement in revenue and gross profit, the company recorded a pre-tax loss of N72.2 billion in 2025, although this represented a significant improvement from the N270.8 billion loss reported in 2024.
Lagos remained the company’s largest market, accounting for 55.82 per cent of regional sales, followed by the North with 35.35 per cent, the West with 6.45 per cent and the East with 2.38 per cent.
The fresh capital is expected to provide Dangote Sugar with additional financial capacity as it works to reduce its debt obligations, strengthen its balance sheet and advance its long-term expansion plans.
By Adedapo Adesanya
Dangote Petroleum Refinery will not pursue an overseas listing until it has established at least three years of proven production and financial performance, its chief executive, Mr David Bird, has said.
Mr Bird said the decision would allow the refinery to build a stronger operational track record before seeking an international listing that could support a higher valuation.
London has been mentioned as a possible destination for the refinery’s eventual foreign listing, although Mr Bird said the company would focus on its planned Nigerian initial public offering (IPO) in the near term.
The refinery is preparing for an October IPO on the Nigerian Exchange that could become Africa’s largest, with the oil firm seeking to encourage broad participation from Nigerians.
“We really want to drive participation,” Mr Bird told Reuters. “The mandate of the IPO was to be the people’s IPO.”
The refinery has submitted an application to the Securities and Exchange Commission for a potential $5 billion IPO, according to a source cited by the publication, although the final size of the offer has not been determined.
However, Mr Bird declined to comment on the proposed IPO size or the refinery’s valuation.
The company raised $2.5 billion in a private placement in July, a transaction that valued the refinery at about $40 billion. Africa Finance Corporation, which led a group of strategic investors in the deal, said the placement was 3.7 times oversubscribed.
Mr Bird said investor interest in the IPO had been strong during pre-marketing and the private placement, while preparations remained on schedule.
The refinery, owned by Mr Aliko Dangote, is also planning to double its refining capacity to 1.4 million barrels per day within three years, with the expansion expected to be funded partly through the IPO and debt.
The organisation currently supplies most of Nigeria’s gasoline and diesel demand and all of the country’s jet fuel needs.
It is also planning to establish a similar structure in Kenya to serve the East African market.
