Transform ECO to ACU now!
The currency world has a government and whether we like it or not, any local currency is a mere subset or, at worst an insignificant element in a global subsets led, as at now
Nigeria, Sao Tome move to exploit 500m barrels of oil
A new production sharing contract (PSC) yesterday entered into by Nigeria, Sao Tome and Principe Joint Development Authority (JDA) and Total Nigeria Plc is to exploit over 500 million untapped barrels of crude oil in West Africa. Coming 18 years after an earlier treaty was struck, Total and major stakeholders from the two nations as…
17 years after, Nigeria-Sao Tome’s JDZ remains unproductive
The commercial viability of over 500 million barrels of crude oil reserves stranded in the Nigeria–São Tomé and Príncipe Joint Development Zone (JDZ) has been called to question, as the region is yet to produce its first oil 17 years after discovery.
China and Sao Tome restore diplomatic ties in snub to Taiwan
China signed an agreement to restore diplomatic relations with Sao Tome and Principe Monday, just days after the small African nation announced it had cut ties with Taiwan.