Tantalizers Plc has acquired Grand Media Projects Limited, an entertainment company founded by renowned TV and film veteran Tade Ogidan. The acquisiti
Tantalizers Plc has acquired Grand Media Projects Limited, an entertainment company founded by renowned TV and film veteran Tade Ogidan. The acquisition will allow Tantalizers to expand beyond the food sector and venture into the entertainment and digital content development industry.
The acquisition which marks an important step toward expanding the company’s reach and positioning it for future growth 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.
In March 2025, Tantalizers Plc announced a partnership with United States-based marine group, Quinn Fisheries and Harvester Fishing for the acquisition of 10 fully equipped fishing trawlers. The move was part of its plan to explore opportunities within Nigeria’s blue economy and expand into other sectors of the business landscape.
This followed an earlier acquisition in December 2024, when the company purchased all assets of DanBethel Marine Services Limited, a marine and fishing business based in Apapa with an existing fleet and related equipment. These developments reflect a shift in Tantalizers’ business strategy toward diversification, including interests in food, lifestyle, and entertainment.
Tantalizers’ recent acquisition moves follow a N1 billion private equity injection in the fourth quarter of 2024 by Messrs Food Specialties and Banklink Africa Private Equities, who now hold a majority stake in the business.
Following the acquisition, Tantalizers Plc reconstituted its board, with Adam Nuru, a former managing director of First City Monument Bank, FCMB, who was ousted from the bank over a paternity scandal with a married staff, becoming the new chairman of the organisation. Abosede Ayeni, the founder of the once flourishing fast food joint, stepped down from her role and was retained as a non-executive director in order to gain from her wealth of experience while her husband, Mofoluso Oluyemi Ayeni left his position as the vice chairman.
