Tantalizers soars 19% week-to-date following acquisition announcement 

The company recently announced a partnership agreement with the US-based marine group Quinn Fisheries and Harvester Fishing, aimed at acquiring 10 fully equipped modern fishing trawlers.

As detailed in a statement on the Nigerian Exchange on March 4, 2025, this collaboration is part of Tantalizers’ strategy to enter Nigeria’s blue economy and diversify into growth sectors.

So far, in the first week of March 2025, Tantalizers has risen to N2.37 in the Nigerian stock market, marking an over 19% gain, likely driven by positive sentiment surrounding the company’s shares.

Tantalizers reported a strong performance in 2024 in the Nigerian stock market, achieving a year-to-date gain of 336.17%.

The stock opened 2024 at N0.47 and experienced steady increases during the first half of the year, with a significant uptick in August.

However, January 2025 saw the stock close at N2.14, with a market volume of 384.9 million shares, followed by a decline to N1.90 in February.

In late December 2024, Tantalizers announced the signing of a Memorandum of Understanding (MoU) to acquire all assets of DanBethel Marine Services Limited, a marine and fishing enterprise located in Apapa.

Recently, Tantalizers revealed its acquisition of 10 modern fishing trawlers from the US-based marine groups Quinn Fisheries and Harvester Fishing. This move is part of the company’s broader strategy to explore opportunities within Nigeria’s blue economy.

While the reasons behind the rapid rise in share prices might not be completely clear, it is likely that the recent acquisition announcements—especially the purchase of the trawlers—have played a role in boosting investor confidence.