Tantalizers Plc, a leading Nigerian quick-service restaurant chain, secured $25 million to drive expansion and diversification.
At the Nigerian Exchange Limited (NGX), Chairman Alhaji Adam Nuru announced the capital raise during the “Facts Behind the Acquisition” event.
Speaking to stakeholders, Nuru emphasized growth plans, stating, “We will invest this capital strategically and pursue further funding rounds.”
He also confirmed partnerships with U.S.-based firms, highlighting Tantalizers’ focus on global collaboration.
In addition to its core QSR operations, Tantalizers Plc has made a significant leap into Nigeria’s blue economy.
The company has acquired 10 state-of-the-art trawlers as part of a strategic initiative to diversify its portfolio.
This move marks Tantalizers’ entry into the nation’s maritime sector, and it is bolstered by a partnership with a U.S.-based marine consortium.
Consequently, this collaboration enhances Tantalizers’ capabilities and expands their operational reach in the maritime industry.
The Chairman expressed gratitude to shareholders for their patience and confidence in the company’s vision.
“We ask for some time to implement these initiatives and bring them to fruition.
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We focus on delivering excellent results, and I am confident that our efforts will yield significant outcomes.
When we present our figures next quarter, the positive trends will clearly be evident to everyone involved.
We look forward to sharing this value with our stakeholders,” Nuru said.
The investment in the blue economy reflects Tantalizers’ forward-thinking approach and aligns with Nigeria’s broader economic diversification goals.
The acquisition of advanced trawlers will enhance the country’s fishing industry and simultaneously create new revenue streams for the company.
With this investment, the company aims to improve efficiency and productivity in its fishing operations.
Tantalizers Plc’s bold steps toward expansion and diversification signal a new chapter in its growth story.
With a clear strategy and a commitment to innovation, the company aims to solidify its position as a key player in both the QSR sector and Nigeria’s evolving blue economy.
