Tantalizers Plc has introduced that it signed a memorandum of understanding on June 25, 2025, to companion with Degue Broadcasting Community, house owners of DBN Tv.
The corporate disclosed this in a discover filed with the Nigerian Change (NGX), signed by its secretary, Olamide Babawale-Mo.
In response to the discharge, the partnership is aimed toward reviving and restructuring DBN Tv, which has been inactive for a while.
As said within the disclosure, “The partnership is not going to solely result in the revival and resuscitation of DBN Tv but in addition convey recent and modern concepts to TV leisure and broadcasting in Nigeria.”
Talking on the event, Adam Nuru, Chairman of Tantalizers, expressed his enthusiasm: “The takeover and revival of DBN Tv will assist us amplify our presence within the media area and inform the African story in a manner that empowers Africans.”
Osa Sonny Adun, Chairman of DBN, shared comparable sentiments: “The brand new TV channel to emerge from this partnership—backed by the best capital and content material—will redefine tv in Africa.”
This partnership marks one other step in Tantalizers’ push into the media business, following an identical transfer in Could 2025 when it acquired Tade Ogidan’s Grand Media.
Since late 2024, Tantalizers Plc has been working to diversify its operations past the meals business by pursuing a number of acquisitions and strategic partnerships.
Arising after a N1 billion non-public fairness funding in late 2024 by Messrs Meals Specialties and Banklink Africa, now the bulk shareholders, these actions might have contributed to optimistic market sentiment within the first half of 2025.
Tantalizers Plc recorded a H1 2025 achieve of 16.59% on the Nigerian inventory market.
The inventory opened the 12 months at N2.05 and dipped in February.
The second quarter noticed a downward pattern, with the share worth slipping to N2.39 by the tip of June.
As of the buying and selling day ended July 2, 2025, shares of the corporate have been priced at N2.42.
