Tantalizers Plc’s entertainment arm, Tantainment Limited, has secured a N2 billion equity investment from RGM Materials Solutions Limited as part of its strategic expansion into the entertainment sector. The investment was disclosed in a regulatory filing with the Nigerian Exchange on February 9, 2026, signed by the company secretary, Olamide Babawale-Mo.
The funds are designated for the purchase of key studio equipment and to complete construction and upgrades at the company’s Ikeja-based Chances Live Studio. The transaction marks a clear shift in Tantalizers’ business model, moving beyond its core food services into entertainment and media production.
In the filing, Tantalizers Plc said the investment “represents a major transformation and diversification milestone for Tantainment Limited.”
The deal also signals the group’s broader intent to establish a significant presence in the entertainment sector. Under the terms of the arrangement, RGM Materials Solutions Limited acquires a 10 percent stake in Tantainment Limited, based on a recent subsidiary valuation of N30 billion.
This valuation reflects current expectations for the business’s growth and potential within Nigeria’s expanding digital and entertainment markets. Included in Tantainment’s portfolio is a technology-driven live game show titled Chances by Tantainment, scheduled for launch in the second quarter of 2026.
Tantalizers stated that the investment deal was completed after securing internal approvals and remains subject to regulatory filings and compliance.
Commenting on the transaction, Tantalizers’ Chairman, Alhaji Adam Nuru, said “Tantainment remains a tech-driven, standalone growth platform within the Group, reflecting our commitment to unlocking value responsibly and sustainably for all stakeholders.”
Tantalizers’ entertainment initiative did not begin with this investment. In mid-2025, the group acquired Grand Media Projects Limited, a media and entertainment company founded by filmmaker Tade Ogidan, to accelerate its entry into digital content and creative media.
At the same time, it signed a partnership agreement with Degue Broadcasting Network (DBN) Television aimed at reviving the broadcast channel and strengthening its media footprint. Industry observers view these moves as part of Tantalizers’ effort to build a “foodtainment” model that integrates dining, digital media, and live entertainment experiences.
The investment from RGM Materials Solutions reinforces confidence in this strategic direction and provides capital to support content production and audience engagement platforms. Tantalizers expects to generate revenue from its entertainment ventures once its new game show and related platforms go live.
In its most recent financial results, the group reported a net revenue increase to N1.29 billion in FY2025, a rise of 7.7 percent year-on-year. The company also returned to profitability in FY2025, reporting a net profit of N85.7 million compared with a pretax loss in the prior year. Tantalizers’ share price has more than doubled year-to-date, reflecting investor interest in its diversified strategy.
