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FG Terminates Abuja-Kaduna Road Contract with Julius Berger over Non-Performance

Nov 05, 2024over 1 year ago

Contract Type

contract

NigeriaConstructionBuilding MaintenanceCivil Engineering

Description

The Federal Government has terminated the ₦740bn contract for the rehabilitation of the Abuja-Kaduna dual carriageway with Julius Berger (Nig.) Plc over non-performance. The contract was terminated after the company failed to meet the completion deadline despite receiving approved funds from the Federal Executive Council, causing hardship to road users.

Company Information

Company

Julius Berger

Location

Nigeria

About

Julius Berger is a construction company involved in infrastructure projects in Nigeria.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.