Honorary International Investors Council (HIIC)

AAA

DEFINITION of 'Honorary International Investors Council (HIIC)'

An organization of prominent investors from around the world that advises the Nigerian government on matters pertaining to the country's economic development. The council's goals include reducing political corruption, helping Nigeria to become Africa's biggest oil producer, attracting investment in the country from the private sector and from foreign countries, and making Nigeria more competitive in the global economy.

INVESTOPEDIA EXPLAINS 'Honorary International Investors Council (HIIC)'

Established in 2004, HIIC holds two meetings per year. Nigeria is considered an emerging market economy. It has one of the higher GDPs in the world and is prosperous by African standards. However, the country faces many challenges to investment, including crime, violence, ethnic tensions, poverty, political instability, a history of colonial and military rule and fighting over the country's oil resources.

RELATED TERMS
  1. Abu Dhabi Investment Council - ...

    A sovereign wealth fund owned by Abu Dhabi, the capital of the ...
  2. Libyan Investment Authority

    The Libyan Investment Authority (LIA) is a government entity ...
  3. Korea Investment Corporation

    The Korea Investment Corporation (KIC) is a government-owned ...
  4. Emerging Market Economy

    A nation's economy that is progressing toward becoming advanced, ...
  5. Nigerian Scam

    A scam where the sender requests help in facilitating the transfer ...
  6. Benchmark Crude Oil

    Benchmark crude oil is crude oil that serves as a pricing reference, ...
Related Articles
  1. Oil And Gas Industry Primer
    Active Trading

    Oil And Gas Industry Primer

  2. ETFs Provide Easy Access To Energy Commodities
    Mutual Funds & ETFs

    ETFs Provide Easy Access To Energy Commodities

  3. An Evaluation Of Emerging Markets
    Fundamental Analysis

    An Evaluation Of Emerging Markets

  4. A Guide To Investing In Oil Markets
    Options & Futures

    A Guide To Investing In Oil Markets

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center