Who Owns Porsche Dealership Nigeria?

Sunil Vaswani an Indian billionaire businessman with a financial worth of over $3 billion according to Forbes 2018, is the chairman of the Stallion Group, owners of Porsche Nigeria, in partnership with Porsche Automobiles worldwide. Stallion Group is headquartered in Dubai, UAE with diversified investments in Africa’s economy specifically in Nigeria, ranging from commodities, food, steel manufacturing, plastics, packaging, petrochemicals, port operations, car manufacturing and technology.

Stallion plays a considerably significant impact on Africa’s largest economy, Nigeria. In 2015, Sunil Vaswani, bought Nigeria’s Delta Steel Plant from The Assets Management Corporation Of Nigeria (AMCON) despite significant opposition from country leaders and concerned citizens. He has been deported twice from the country, until he became a full fledged citizen in 2010. Sunil’s company, Stallion Group, at one point, owned over 25% of all rice imported into Nigeria. Stallion Group is also the sole distributor for global automakers like Nissan, Porsche, Volkswagen & Skoda and Audi into Nigeria and other parts of Sub-Saharan Africa.

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Porsche Lagos is Situated at 179, Akin Adesola Street, Victoria Island, Lagos, Nigeria. As of 2018, a brand new porsche Cayenne retails for between 35 million Naira and 60 million Naira depending on the model (Base, S or Turbo).


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