Tantalizers Plc has secured a $25 million financing facility to support its expansion into Nigeria’s blue-chip economy and other sectors beyond its established Quick Service Restaurants (QSR) business. As part of its diversification strategy, the company has already acquired vessels equipped with modern technology to drive its new deep-sea fishing venture.

At the ‘Facts Behind the Acquisition’ event held at the Nigerian Exchange Limited (NGX), Group Managing Director Robert Speijer announced that the company’s newly established subsidiary, Tantalizers Fisheries Limited, will deploy these vessels to strengthen commercial fishing operations and enhance Nigeria’s position in the global seafood value chain.

Beyond the seafood business, Speijer revealed plans to explore opportunities in entertainment, music, and technology as part of Tantalizers’ ambition to rank among the top 50 most valuable companies on the NGX.

He described the company’s transformation as a bold repositioning into a diversified, multi-sectoral conglomerate. This evolution, he said, will be driven by strategic mergers and acquisitions, sector diversification, and deliberate corporate actions aimed at unlocking new revenue streams, boosting profitability, and ensuring long-term sustainability in Nigeria’s evolving economic landscape.

Speijer also highlighted the growing global recognition of the Blue Economy as a key driver of sustainable economic development.

He reaffirmed Tantalizers Plc’s commitment to becoming a dynamic, high-value stock on the NGX, with clear objectives to elevate its profile, enhance liquidity, and maximize shareholder value.

While reaffirming its commitment to the food business, he noted the company’s intent to expand into complementary sectors, integrating food, entertainment, music, and technology to create synergies across its operations.

The company Chairman, Adam Nuru, described the acquisition as more than just a transaction, noting that it is a strategic investment in growth, innovation, and sustainability.

He expressed confidence in the long-term potential of the industry and the broader market, positioning the move as a key step in strengthening Tantalizers’ market presence and delivering greater value to shareholders, consumers, and stakeholders. He assured investors of the company’s dedication to building a strong, forward-looking business that will seize emerging opportunities while continuing to evolve within the food industry. He encouraged stakeholders to stay engaged, hinting at further developments on the horizon.

NGX Chief Executive Officer Jude Chiemeka highlighted Tantalizers Plc’s unique position as the only listed quick-service restaurant company within the hospitality sub-sector. Since its listing on the NGX in June 2008, the company has maintained a strong industry presence, with a market capitalization exceeding ₦14.3 billion.

Chiemeka emphasized that the acquisition is more than a milestone for Tantalizers—it also holds broader economic significance, reinforcing Nigeria’s evolving business landscape and strengthening the value chain within the services sector.

He underscored the resilience of the sector, affirming Tantalizers’ growing role as a key player in this dynamic space.