Tantalizers Plc has introduced the acquisition of Grand Media Tasks Restricted, an leisure firm based by famend TV and movie veteran Tade Ogidan.
This was revealed in a disclosure printed by the corporate on the NGX on Could 17, 2025, and signed by the corporate’s secretary, Olamide Babawale-Mo.
In accordance with the discharge, this acquisition will enable Tantalizers to broaden past the meals sector and enterprise into the leisure and digital content material growth trade.
Commenting on the corporate’s progress technique and the rationale behind the acquisition, Tantalizers acknowledged:
“As Nigeria’s leisure trade positive aspects growing world recognition, this acquisition marks an necessary step towards increasing the corporate’s attain and positioning it for future progress.”
This disclosure follows a collection of acquisitions that started within the fourth quarter of 2024, together with the acquisition of Apapa-based DanBethel Marine and 10 totally geared up fishing trawlers from U.S.-based Quinn Fisheries and Harvester Fishing.
Commenting on the event, Tantalizers Plc Chairman, Alhaji Adam Nuru, highlighted the rising convergence of meals and leisure:
“Our acquisition of Tade Ogidan’s Grand Media marks a daring leap into content material growth, branded experiences, and occasion activation. The growing overlap between meals, way of life, and leisure presents an incredible alternative for us to ship important worth to our model and stakeholders.”
Tade Ogidan, Chairman of Grand Media, shared his pleasure in regards to the acquisition, saying, “We’re thrilled in regards to the inventive potentialities this acquisition unlocks. We’re assured it should create lasting worth for Nigerians and the world at massive.”
He additionally expressed his expectations for the long run, stating, “Tantalizers’ tech-driven leisure platform is a forward-thinking initiative that shall be a recreation changer within the trade.”
In March 2025, Tantalizers Plc introduced a partnership with U.S.-based marine group Quinn Fisheries and Harvester Fishing for the acquisition of 10 totally geared up fishing trawlers.
In accordance with the corporate, this transfer was a part of its plan to discover alternatives inside Nigeria’s blue economic system and broaden into different sectors of the enterprise panorama.
This adopted an earlier acquisition in December 2024, when the corporate bought all property of DanBethel Marine Companies Restricted, a marine and fishing enterprise based mostly in Apapa with an current fleet and associated tools.
These developments replicate a shift in Tantalizers’ enterprise technique towards diversification, together with pursuits in meals, way of life, and leisure.
Tantalizers’ latest acquisition strikes comply with a N1 billion personal fairness injection within the fourth quarter of 2024 from Messrs Meals Specialties and Banklink Africa Non-public Equities, who now maintain a majority stake within the enterprise.
Tantalizers Plc, at present priced at N2.30, has proven a year-to-date efficiency of 12.2% up to now in 2025.
The market’s response to this latest acquisition would possibly drive the corporate’s shares above the N2.30 degree within the upcoming buying and selling periods.
