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  • November 19, 2016

Facebook Sets $6 Billion Buyback Program

Hamilton Nwosa
Writer

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Regina Daniels Vs Ned Nwoko: The Fleeting Illusion of Life

By Fred Chukwuelobe Once upon a time dazzling Regina Daniels and wealthy Senator Ned Nwoko were love birds. They bestrode the world and were the ultimate love birds not withstanding the age difference between them. Some saw the relationship as “child abuse” as Daniels was still a teenager and Nwoko an elder. The two cared…

November 9, 2025 • Opinion

UK Urges Citizens to Avoid Visits to Several Nigerian States Amid Escalating Insecurity

By Abiola Olawale ​The United Kingdom's Foreign, Commonwealth, and Development Office (FCDO) has issued a travel advisory, advising British citizens to avoid all travel to six Nigerian states due to escalating security threats from terrorism, kidnapping, and violent crime. This was contained in the latest Foreign Travel Advice released by the GOV.UK and sighted on…

November 9, 2025 • Headline

Tinubu Hails Soludo’s Landslide Re-Election, Calls Victory ‘Affirmation of Visionary Leadership’

By Abiola Olawale ​President Bola Ahmed Tinubu has offered his congratulations to Anambra State Governor, Professor Charles Chukwuma Soludo, following his victory in Saturday's off-cycle gubernatorial election. The President described the win as a powerful "affirmation of visionary leadership." ​Soludo, a former Governor of the Central Bank of Nigeria (CBN) and candidate of the All…

November 9, 2025 • Headline

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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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