June 20, 2017/NSE

Lagos (INVESTADVOCATE)-Construction giant, Julius Berger Nigeria Plc on Tuesday announced a strategic partnership and joint investment agreement with Petralon Energy Limited for acquisition and development of oil fields in Nigeria.

Julius Berger said the alliance is in line withe the strategic goal of the company to diversify into the oil and gas sector of the Nigerian economy.

Shares of the construction company at the close of the trading session on the Nigerian bourse gained 10.15 percent to N43.84 from N39.80 recorded the previous session; gaining N4.04 per share