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Consolidated Financial Services Bureau De Change L Imited


Address: Lapal House; 285, Igbosere Road; Lagos

About Consolidated Financial Services Bureau De Change L Imited

This is the profile page of Consolidated Financial Services Bureau De Change L Imited on Manpower Nigeria. This page contains the email, contact phone number, address, website and other contact information of Consolidated Financial Services Bureau De Change L Imited.

Consolidated Financial Services Bureau De Change Limited is one of the money exchanging business under the direct supervision of the Central Bank of Nigeria.

A bureau de change is a business which, in competition with other similar businesses, makes its profit by selling currency at a higher exchange rate than a rate at which it buys the same currency, as well as any commission or fee it may charge. In setting its exchange rates, it must keep an eye on the rates quoted by competitors, and may be subject to government foreign exchange controls and other regulations.

The exchange rates charged at bureaux are generally related to the spot prices available for large interbank transactions, and are adjusted to ensure a profit. The rate at which a bureau will buy currency differs from that at which it will sell it; for every currency it trades both will be on display, generally in the shop window.

So the bureau sells at a lower rate from that at which it buys. For example, a UK bureau may sell €1.40 for £1 but buy €1.60 for £1. Quite often the terms "buy" and "sell" are used the other way round by a bureau de change, and the buy rate may seem higher that the sell rate: in such cases it means "we buy/sell our local currency at the rate showed"

Contact Consolidated Financial Services Bureau De Change L Imited

  • Phone : Not Available
  • Email : Not Available
  • Website : Not Available
  • Founded : Not Available
  • Employees : 50-200
  • CAC Number : Not Available


Consolidated Financial Services Bureau De Change L Imited Opening Hours

  • Monday 08:00 am - 05:00 pm
  • Tuesday 08:00 am - 05:00 pm
  • Wednesday 08:00 am - 05:00 pm
  • Thursday 08:00 am - 05:00 pm
  • Friday 08:00 am - 05:00 pm
  • Saturday Closed - Closed
  • Sunday Closed - Closed

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