TUE FEB 10 2026-theGBJournal| RGM Materials Solutions Limited, a leading Nigerian solutions provider, has made a significant move in Nigeria’s entertainment and media space with a N2 billion equity investment in Tantainment Limited, the wholly owned entertainment and media subsidiary of Tantalizers Plc, marking a new chapter for the quick-service restaurant brand.
The transaction positions RGM as a strategic investor, as gives 10% holding based on a recent N30.0 billion ($20.0 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.
It also underscores the growing confidence in Tantalizers’ turnaround and long-term growth prospects.
The investment is expected to strengthen Tantalizers’ balance sheet, support operational expansion, and accelerate its repositioning in a highly competitive food services market, while aligning with RGM Materials Solutions’ broader strategy of investing in scalable Nigerian businesses with strong brand equity.
Besides, it 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.
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”
”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,” says Chairman of Tantalizers Plc, Alhaji Adam Nuru.
The Board of Tantalizers Plc notes that this transaction aligns with its strategy to unlock shareholder value by incubating and scaling high-growth subsidiaries.
The equity investment was completed following internal approvals and is subject to relevant postcompletion 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 Board said.
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