Tantalizers pivots into entertainment, announces acquisition of Tade Ogidan’s Grand Media 

This was revealed in a disclosure published by the company on the NGX on May 17, 2025, and signed by the company’s secretary, Olamide Babawale-Mo.

According to the release, this acquisition will allow Tantalizers to expand beyond the food sector and venture into the entertainment and digital content development industry.

Commenting on the company’s growth strategy and the rationale behind the acquisition, Tantalizers stated:

“As Nigeria’s entertainment industry gains increasing global recognition, this acquisition marks an important step toward expanding the company’s reach and positioning it for future growth.” 

This disclosure follows a series of acquisitions that began in the fourth quarter of 2024, including the purchase of Apapa-based DanBethel Marine and 10 fully equipped fishing trawlers from U.S.-based Quinn Fisheries and Harvester Fishing.

Commenting on the development, Tantalizers Plc Chairman, Alhaji Adam Nuru, highlighted the growing convergence of food and entertainment:

“Our acquisition of Tade Ogidan’s Grand Media marks a bold leap into content development, branded experiences, and event activation. The increasing overlap between food, lifestyle, and entertainment presents a tremendous opportunity for us to deliver significant value to our brand and stakeholders.” 

Tade Ogidan, Chairman of Grand Media, shared his excitement about the acquisition, saying, “We’re thrilled about the creative possibilities this acquisition unlocks. We’re confident it will create lasting value for Nigerians and the world at large.” 

He also expressed his expectations for the future, stating, “Tantalizers’ tech-driven entertainment platform is a forward-thinking initiative that will be a game changer in the industry.” 

Tantalizers Plc, currently priced at N2.30, has shown a year-to-date performance of 12.2% so far in 2025.

The market’s reaction to this recent acquisition might drive the company’s shares above the N2.30 level in the upcoming trading sessions.