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. Korea Investment Corporation

    The Korea Investment Corporation (KIC) is a government-owned ...
  3. Libyan Investment Authority

    The Libyan Investment Authority (LIA) is a government entity ...
  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. Active Trading

    Oil And Gas Industry Primer

    Before jumping into this hot sector, learn how these companies make their money.
  2. Mutual Funds & ETFs

    ETFs Provide Easy Access To Energy Commodities

    Hedge against rising energy prices and diversify your portfolio with these funds.
  3. Fundamental Analysis

    An Evaluation Of Emerging Markets

    Get the full story on this asset class before you write it off as too risky.
  4. Options & Futures

    A Guide To Investing In Oil Markets

    Find out how to take advantage of this market without having to open a futures account.
  5. Economics

    What Is An Emerging Market Economy?

    Emerging markets provide new investment opportunities, but there are risks - both to residents and foreign investors.
  6. Active Trading

    Unearth Profits In Oil Exploration And Production

    Drill down into financial statements to tap into the right companies and let returns flow.
  7. Chart Advisor

    Cocoa Prices Setting Up For A Move Lower

    Cocoa prices have been trending lower over the past several months and the recent bearish crossover between the 50-day and 200-day moving averages suggest that the long-term downtrend is gaining ...
  8. VelocityShares 3x Long Crude Oil ETN has the potential for huge returns, but there are several reasons why you might want to steer clear for now.
    Mutual Funds & ETFs

    A Leveraged Oil ETN For The Future (Just Not Now)

    VelocityShares 3x Long Crude Oil ETN has the potential for huge returns, but there are several reasons why you might want to steer clear for now.
  9. Economics

    Profiting From China's Breakout: The Right Funds

    China's prospects for growth, and for rewarding investments, can't be debated. Here are some worthwhile funds to invest in, and the smart way of doing it.
  10. Chart Advisor

    Commodities Set Up For A Continued Move Lower

    Commodities have been suffering since late summer, and unfortunately for the bulls it doesn’t appear that the situation is about to change anytime soon.

You May Also Like

Hot Definitions
  1. Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often ...
  2. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  3. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  4. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  5. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  6. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
Trading Center