The Sagamu-Lagos end of the Lagos-Ibadan Expressway project will be completed by 2021, the contractor, Julius Berger, has said. The Operations Manager, Julius Berger, Thamm Olaf, told the Senate Committee on Works, led by its Chairman, Kabiru Gaya, on Sunday, that the project, which was to be completed in 2017, was stalled due to paucity […]
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The Board of Directors of Julius Berger Nigeria Plc has announced changes to the management structure of the Company, effective October 16, 2018 including the appointment of a new Managing Director. The company has also expanded its Executive Management by creating a new Directorate for Corporate Development. According to a statement issued by the company […]
Read More Julius Berger Nigeria Plc, the largest construction company in Nigeria by market value, plans to acquire oil assets and expand into the power industry as it seeks to diversify its business and stay competitive after the country’s worst economic slump in decades. Bloomberg quoted the company’s managing director, Wolfgang Goetsch, as saying in an interview […]
Read More Hit by the country’s economic recession and the devaluation of the nation’s currency which paralysed most projects last year, Julius Berger recorded a loss of ₦3.8 billion in 2016 financial year. This represents a 256.4 percent decline compared to a profit after tax of ₦2.4 billion gained in 2015. Addressing shareholders at the company’s 47tth […]
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Bi-Courtney Highway Services Limited on Monday said the recent court injunction, which it secured setting aside a new concession agreement granted to Motorway Assets Limited to finance the reconstruction of the Lagos-Ibadan Expressway and manage the road was not meant to stall the redevelopment of the road, the Punch report. The firm, owned by Dr. […]
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