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Inside FirstBank » Subsidiaries » Foreign Exchange
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FBN Bureau de Change Limited
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Licensed on January 17, 2007 by the Central Bank of Nigeria (CBN) to conduct bureau de change business, FBN Bureau de Change Limited (FBN BDC) has, since commencing business, leveraged FirstBank’s extensive branch network to deliver its products and services to the market. Under its product brand name, FBN BDC offers an expansive range of products/ services including personal and business travel allowances in cash, remittance of school fees abroad, payment of medical fees abroad, payment of life insurance premium, utility bills payment abroad and mortgage payments. In line with the CBN’s new guidelines on this genre of financial services, the company was the first Class ‘B’ BDC to migrate to Class ‘A’, following payment of N500 million to CBN.
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