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Samsung has been struggling of late against cheaper electronics manufacturers, especially in China Samsung Electronics has forecast a 37.4% fall in quarterly operating profit from a year earlier.

President Goodluck Jonathan-led federal government on Wednesday reacted to allegations leveled against it by former President, Olusegun Obasanjo about the squandering of $55billion of the nation’s foreign reserve, stressing that the former President got his facts wrong. Minister of Finance, Dr. Ngozi Okonjo-Iweala, who came to the defense of the administration in a statement, explained that former President, Obasanjo left a gross reserve of $43.13 billion, comprising the CBN’s external reserves of $31.5 billion, $9.43 billion in the Excess Crude Account, and $2.18 billion in Federal Government’s savings in May 2007.

President Goodluck Jonathan has given Independent Elec­toral Commission (INEC) Chairman, Pro­fessor Attahiru Jega, the marching order to ensure all registered Nigerians get their permanent voters cards to enable them vote their pre­ferred candidates in the Feb­ruary elections. Criticisms, lamentations and anger have continued to trail the distribution of the per­manent voters cards (PVC) to Nigerians by INEC with many accusing the commission of deliberatly planning to disen­franchise them from voting in the coming elections. The President gave the or­der when he swore in the new INEC commissioner, Prof. Akinola Murtala Salau, Na­tional Commissioner repre­senting Oyo State and member of the commission. This is even as Jega has re­sponded that all registered Ni­gerians would get their PVC before the election date of February 14.

A police corporal, Funmilayo Balogun, has been arrested for stealing a Honda Accord car worth N5 million​,​ which she sold to unsuspecting client. The 35-year-old suspect was on Wednesday paraded by the Ogun State Police Command. She was wearing a police uniform with the rank of Assistant Superintendent of Police. She was dismissed in 2010 by the Ondo State Command for presenting fake result to get police employment. After her dismissal, she allegedly promoted herself to the rank of Assistant Superintendent of Police and allegedly started stealing cars in automobile stores across the South-West of the country

At least one suspect fled the scene near Porte de Chatillon in the south of the city and is being hunted by police 12:17 pm British security increased following Paris attacks The government has increased security at UK borders, including at ports and at checkpoints it operates on French soil, in response to the deadly attack on the office of Charlie Hebdo in Paris. A spokeswoman for David Cameron said the extra security was not based on specific intelligence and that there were no plans to raise the country's threat alert, which is already at its second highest level. "On a precautionary basis we have tightened up border security," the spokeswoman told reporters.

Angelina Jolie in her capacity as UN Ambassador is meeting with the Pope at the Vatican She's a Hollywood actress, he’s the leader of the Catholic church - so it’ll be an unlikely meeting of minds when Angelina Jolie meets the Pope. But the Tomb Raider star-turned-UN Ambassador is due to receive a private meeting with Pope Francis at The Vatican in Rome imminently. Perhaps the pair will be discussing her Oscar-tipped directorial offering Unbroken, which tells the story of Olympic athlete Louis Zamperini. Or maybe, the Holy Father wants to console Angie after she was labelled a “minimally talented spoiled brat” by bosses at Sony, in emails leaked last year.

The reality star was enjoying a day out with her mum when she took the picture instagram/kyliejenner Kylie Jenner Kylie Jenner has once again raised eyebrows with her latest selfie. The 17-year-old posted a snap of herself in which she once again looked nothing like her former self or indeed a teen her age. In the image the Keeping Up With The Kardashian’s star is wearing a low-cut top while she has her trademark pout and accentuated lashes. While the selfie has caused concern for many as it is overly sexualised, her mother Kris appears unphased.