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  • November 19, 2016

Facebook Sets $6 Billion Buyback Program

Hamilton Nwosa
Writer

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Wike vs Yerima: When indiscipline takes over a people…

By Fred Chukwuelobe One is a minister of the Federal Capital Territory (FCT) which he has been running like Lord of the Manor. The other is a fine, young, commissioned officer who was obeying an order by his superior. In military parlance, he was bound to obey it. Then, the minister named Barr. Ezenwo Nyesom…

November 12, 2025 • Opinion

The Avoidable Drama between Minister Wike and officers of the Nigerian Navy

By Emeka Mba The avoidable drama between Minister Wike and officers of the Nigerian Navy acting under the orders of former Chief of Naval Staff, Rear Admiral Awwal Zubairu Gambo, exposes 5 things about Wike. ‎ ‎ His lack of tact , his Hubris, his volatile temperament , his poor conflict resolution ability and his…

November 11, 2025 • Opinion

UBA reaffirms commitment to chad’s $30bn development plan at Abu Dhabi investment forum

By Obinna Uballa United Bank for Africa (UBA) has expressed strong support for Chad’s $30 billion Tchad Connexion 2030 development blueprint, describing it as a bold and actionable roadmap for transforming the country’s economic landscape. The assurance was given during the UAE-Chad Trade and Investment Forum held in Abu Dhabi on Monday, where government officials,…

November 11, 2025 • Banking,

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Social media giant Facebook Inc (FB.O) on Friday set a $6 billion buyback program for its Class A shares, beginning in the first quarter of 2017.

Facebook’s shares were up 1.1 percent at $118.24 in after-hours trading. The company had a market value of about $337 billion at close.

The company also said Chief Accounting Officer Jas Athwal had resigned, effective Feb. 17.

Athwal has spent nearly nine years at the company and was formerly the director of revenue at Yahoo Inc (YHOO.O).

The company said it planned to launch a search for a replacement.

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