Tantalizers Plc has announced that its entertainment and media subsidiary, Tantainment Limited, has received a N2 billion equity investment from RGM Materials Solutions Limited, signaling the company’s strategic push into the entertainment sector.
Gatekeepers News reports that the disclosure was made in a filing on the Nigerian Exchange dated 9 February 2026, signed by the company’s secretary, Olamide Babawale-Mo.
According to the filing, the funds will be used to acquire strategic studio equipment and complete ongoing works at its Ikeja-based “Chances Live Studio.”
The company described the investment as a “major transformation and diversification milestone” for Tantainment Limited, highlighting Tantalizers Plc’s broader expansion beyond food into media and entertainment.
Details of the Investment
Under the deal, RGM Materials Solutions Limited now owns a 10% stake in Tantainment Limited. This stake includes the company’s tech-driven live game show, ‘Chances by Tantainment’, which is slated to launch in Q2 2026.
The transaction was completed following internal approvals and is subject to post-completion filings and regulatory requirements, according to the filing.
Commenting on the development, Tantalizers’ Chairman, Alhaji Adam Nuru, described the investment as a strategic step toward expanding the company’s footprint in entertainment and digital content.
Expanding into ‘Foodtainment’
Tantalizers’ move into media gained momentum in May 2025, when the company acquired Grand Media Projects Limited, a media and entertainment company founded by filmmaker Tade Ogidan.
The goal was to extend the brand beyond food into entertainment, digital content, and experience-driven offerings. In June 2025, Tantalizers signed an agreement with Degue Broadcasting Network (DBN) Television to revive the channel with fresh entertainment content.
Tade Ogidan joined the Tantalizers board in July 2025, supporting the group’s ‘foodtainment’ model—a fusion of food services and entertainment experiences.
Tantainment Limited develops live game shows, digital content, media production, and tech-enabled audience engagement platforms, with ‘Chances by Tantainment’ as its flagship project.
Financial and Market Highlights
•RGM Materials Solutions now holds a 10% stake in Tantainment Limited.
•Revenue is expected from ‘Chances by Tantainment’ upon its Q2 2026 launch.
•Tantalizers reported net revenue of N1.29 billion in FY2025, up 7.7% from FY2024.
•The company rebounded from a pretax loss of N259.5 million in FY2024 to a profit of N85.7 million in FY2025.
•Tantalizers’ share price currently stands at N5.30, marking a 112.8% year-to-date gain.
The N2 billion investment marks a significant step in Tantalizers’ diversification strategy, positioning the company as a growing player in Nigeria’s entertainment and media landscape.
