The CBN’s resolution to take concrete steps to further liberalize the FX market and ensure greater efficiency of the market, has led to a drastic reduction in the premium between the official/inter-bank rates under WDAS (Wholesale Dutch Auction System) and the Bureau de change/parallel market rates. Indeed, the CBN is poised to directly supply Bureau De Change (BDC’s) with forex.

The establishment of FutureView Bureau de Change is to enhance the policy implementation of the Federal Government of Nigeria aimed at achieving a robust and reliable economic development.

FutureView Bureau De Change was incorporated and duly registered in August 2006 to provide Foreign Exchange services and commenced business in November of the same year with an authorized paid up share capital of N10 Million.
FutureView Bureau De Change is a wholly owned subsidiary of FutureView Financial Services Limited, one of the most capitalized Investment Banks on the floor of the Nigerian Stock Exchange.  It is a strategy for realizing FutureView’s vision of becoming a one stop shop for all financial services products.

The FutureView BDC currently operates from 2 outlets in Lagos. That is, FutureView Bureau de Change Head Office and an outlet at FutureView Financial Services in Victoria Island Lagos, with capacity to increase to 10 outlets in the next 2 years.