RGM Materials Solutions Limited has invested N2bn in its entertainment subsidiary, Tantainment Limited, Foodtainment company Tantalizers Plc has announced.
In a corporate filing on the Nigerian Exchange Limited on Wednesday, the company noted the N2bn equity investment grants the investor a 10 per cent holding, based on a recent N30bn valuation received by the tech-driven platform and subsidiary Tantainment Limited and its live game show ‘Chances by Tantainment’, which is set to go live by the second quarter of 2026.
Tantalizers Plc stated that 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 utilise the proceeds to acquire studio equipment and complete works on its Ikeja-based ‘Chances Live Studios’; develop proprietary entertainment content; and strengthen operational, regulatory and compliance frameworks, among other initiatives.
Commenting on the transaction, the Chairman of Tantalizers Plc, Adam Nuru, said, “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 noted 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 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 statement concluded.
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