Tantalizers sells 10% of Tantainment equity to RGM materials solutions in deal worth N2bn

Tantalizers Plc, Nigeria’s emerging foodtainment powerhouse, has disclosed that Tantainment Limited, its wholly owned entertainment and media subsidiary, has received a N2 billion equity investment from a strategic investor, RGM Materials Solutions Limited.

This investment gives the investor 10
percent holding based on a recent N30 billion ($20 million) valuation received by the
tech-driven platform and subsidiary – Tantainment Limited and its live-game show
“Chances by Tantainment” set to go-live by Q2, 2026.

The investment marks a major milestone in the Group’s ongoing transformation and
diversification strategy and reflects growing investor confidence in Tantainment’s business model, intellectual property portfolio, and long-term growth prospects within Nigeria’s expanding entertainment and digital content ecosystem.

Tantalizers Plc and its subsidiary – Tantainment intend to utilize the proceeds to acquire strategic studio equipment and complete works on its Ikeja-based “Chances live-Studios”, develop proprietary entertainment content and strengthen operational, regulatory, and compliance frameworks amongst others.

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Tantainment Limited serves as the Group’s entertainment vehicle and is focused on the
live-game shows, digital content, media production, and technology-enabled audience engagement platforms, and more importantly the flagship online and live-show “Chances
by Tantainment”

Commenting on the transaction, Adam Nuru, chairman of Tantalizers Plc stated: “This equity investment validates the Board’s strategic decision to incubate and scale.

Tantainment as a tech-driven standalone growth platform within the Group. It reflects
strong investor confidence in our governance reforms and business direction. We remain
committed to unlocking value responsibly and sustainably for all stakeholders.”

The Board of Tantalizers Plc notes that this transaction aligns with its strategy to unlock
shareholder value by incubating and scaling high-growth subsidiaries, noting that the equity investment was completed following internal approvals and is subject to relevant post-completion filings and regulatory requirements.

“We remain committed to delivering
sustainable value to shareholders through strategic investments, operational efficiency,
and prudent expansion into complementary growth sectors,” the company said.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.