Global Trade Alert
Global Trade Alert

Nigeria: Invalidation of the privatisation of ALSCON (Aluminum Smelter Company of Nigeria)

Announcement

06 Jul 2012

In July 2012, the government of Nigeria announced altered domestic business conditions for foreign investors.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

06 Jul 2012

Revocation date:

No revocation date

Updated: 06 Jul 2012
FDI: Treatment and operations, nes In force

On July 6, 2012, the Supreme Court of Nigeria issued a ruling that cancelled the acquisition of the formely state-owned ALSCON company by the Russian group Rusal in 2007. The Supreme Court of ...

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