About Us
Simtex Bureau De Change Ltd (Simtex BDC) is a duly registered and professionally managed foreign exchange services company established to provide
secure, transparent, and efficient currency exchange solutions. The company operates in line with the regulatory framework of the Central Bank of Nigeria (CBN) and other relevant financial authorities.
We specialize in the buying and selling of major foreign currencies, including but not limited to the United States Dollar (USD), British Pound Sterling (GBP), Euro (EUR), and other approved currencies.
Our mission is to contribute positively to the stability of the foreign
exchange market while providing reliable and accessible currency exchange solutions to our clients.
At Simtex Bureau de Change Limited, customer satisfaction, confidentiality, and operational excellence are central to our service delivery. Our operations are driven by strong corporate governance, strict adherence to Anti-Money Laundering (AML) and Know-Your Customer (KYC) regulations, and a commitment to ethical business practices.
We leverage experienced professionals and robust internal controls to ensure prompt transactions, competitive exchange rates, and risk managed operations. Through integrity, professionalism, and compliance, we aim to build long-term relationships and become a trusted name in the Nigerian foreign exchange industry
Our Key Business Operations
Foreign Currency Exchange
- Buying and selling of major foreign currencies (USD, GBP, EUR, CAD, etc.)
- Competitive exchange rates aligned with market realities
- Secure and prompt transactions
Travel & Personal Allowance (PTA/BTA) Processing
- Processing of Personal Travel Allowance (PTA)
- Business Travel Allowance (BTA)
- Advisory support on documentation and compliance
Corporate Foreign Exchange Services
- FX support for SMEs and corporate clients
- Trade-related forex facilitation (within regulatory limits)
- Customized FX solutions for business needs
Diaspora & Remittance Support Services
- Forex advisory for inbound and outbound remittances
- Support for diaspora-related currency exchange needs
Forex Advisory & Advisory Support
- Guidance on foreign exchange trends
- Risk awareness and compliance advisory
- Currency planning support for businesses and individuals