National Bank of Angola which at the time was an overseas province of Portugal. In 1926, the Portuguese established a separate issue bank for Angola, creating the Bank of Angola (). BNU transferred its branch in Stanleyville to this bank, which in 1934, transferred the branch to Boma, before closing it in 1947. When Angola gained its independence in 1975, the government nationalized the banking sector. "Banco de Angola" became "Banco Nacional de Angola" (BNA); "Banco Comercial de Angola" became "Banco Popular de Angola", and is now "Banco de Poupança e Crédito". The BNA continued to function as a central bank, bank of issue
1950s in Angola of Northern Angola, which advocated the independence of the traditional Kingdom of Kongo, in 1954. Portuguese police arrested Agostinho Neto of the MPLA and future President of Angola (1975–1979), in 1952 and again in 1955 for his involvement in the Portuguese Communist Party. He returned to Angola in 1959 and police arrested him again in 1960. Portuguese authorities arrested over 100 MPLA members in 1959. The Portuguese discovered petroleum in Angola in 1955. Production began in the Cuanza basin in the 1950s, in the Congo basin in the 1960s, and in the exclave of Cabinda in 1968. The Belgian company