| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
CBN
|
₦1165 per $1 | ₦1164 per $1 | Mon, Apr 29 2024 7:00:02 AM |
Cashwyre
|
₦1318 per $1 | ₦1303 per $1 | Mon, Apr 29 2024 7:20:19 AM |
Flutterwave Send
|
₦1326 per $1 | ₦1283 per $1 | Mon, Apr 29 2024 7:20:18 AM |
Changera
|
₦1328 per $1 | ₦1283 per $1 | Sat, Apr 27 2024 9:21:27 PM |
Bybit
|
₦1340 per $1 | ₦1339 per $1 | Mon, Apr 29 2024 7:20:16 AM |
Beans App
|
₦1343 per $1 | ₦1342 per $1 | Mon, Apr 29 2024 7:20:30 AM |
Noones
|
₦1350 per $1 | ₦1343 per $1 | Mon, Apr 29 2024 7:20:22 AM |
Paxful
|
₦1353 per $1 | ₦1346 per $1 | Mon, Apr 29 2024 7:20:23 AM |
LINK Business
|
₦1355 per $1 | - per $1 | Mon, Apr 29 2024 7:20:27 AM |
Bitnob
|
₦1357 per $1 | ₦1261 per $1 | Sun, Apr 28 2024 9:33:39 PM |
Remitano
|
₦1359 per $1 | ₦1346 per $1 | Mon, Apr 29 2024 7:20:14 AM |
Quidax
|
₦1360 per $1 | ₦1355 per $1 | Mon, Apr 29 2024 7:20:10 AM |
Kucoin
|
₦1360 per $1 | ₦1346 per $1 | Mon, Apr 29 2024 7:20:13 AM |
Cenoa
|
₦1370 per $1 | ₦1313 per $1 | Mon, Apr 29 2024 7:20:31 AM |
Cedar.money
|
₦1372 per $1 | - per $1 | Mon, Apr 29 2024 6:52:14 AM |
Accrue
|
₦1378 per $1 | ₦1357 per $1 | Mon, Apr 29 2024 7:20:25 AM |
Bitmama
|
₦1378 per $1 | ₦1347 per $1 | Mon, Apr 29 2024 7:20:24 AM |
Zillawire
|
₦1384 per $1 | - per $1 | Mon, Apr 29 2024 7:20:26 AM |
Coinprofile
|
₦1390 per $1 | ₦1370 per $1 | Mon, Apr 29 2024 7:20:21 AM |
Palremit
|
₦1395 per $1 | ₦1327 per $1 | Mon, Apr 29 2024 7:20:27 AM |
Piggyvest
|
₦1395 per $1 | ₦1335 per $1 | Sun, Apr 28 2024 9:36:31 PM |
Yellow Card
|
₦1420 per $1 | ₦1300 per $1 | Mon, Apr 29 2024 7:20:20 AM |
Eversend
|
₦1445 per $1 | ₦1270 per $1 | Sat, Apr 27 2024 9:15:51 PM |
Klasha
|
₦1446 per $1 | ₦732 per $1 | Fri, Apr 26 2024 9:44:06 PM |
Wirepay
|
₦1479 per $1 | ₦1280 per $1 | Sat, Apr 27 2024 9:18:26 PM |
Chipper Cash
|
₦1489 per $1 | ₦1285 per $1 | Sun, Apr 28 2024 9:35:04 PM |
HTX (Huobi)
|
₦1489 per $1 | ₦1335 per $1 | Mon, Apr 29 2024 7:20:14 AM |
Grey
|
₦1494 per $1 | ₦1298 per $1 | Sun, Apr 28 2024 9:37:30 PM |
Binance
|
₦1518 per $1 | ₦1517 per $1 | Mon, Apr 29 2024 7:20:12 AM |
Luno
|
₦1850 per $1 | ₦1850 per $1 | Tue, Feb 27 2024 3:30:15 PM |
Jackocoins
|
- per $1 | ₦1324 per $1 | Mon, Apr 29 2024 7:20:15 AM |
Sendwave
|
- per $1 | ₦1301 per $1 | Mon, Apr 29 2024 7:20:29 AM |
WorldRemit
|
- per $1 | ₦1290 per $1 | Mon, Apr 29 2024 7:20:28 AM |
Cash-in
|
- per $1 | ₦1250 per $1 | Mon, Apr 29 2024 7:20:17 AM |
Skrill
|
- per $1 | ₦1178 per $1 | Mon, Apr 29 2024 7:00:02 AM |
Remitly
|
- per $1 | ₦1172 per $1 | Mon, Apr 29 2024 7:00:02 AM |
Western Union
|
- per $1 | ₦1170 per $1 | Mon, Apr 29 2024 7:00:02 AM |
Payoneer
|
- per $1 | ₦1168 per $1 | Mon, Apr 29 2024 7:00:02 AM |
Paypal
|
- per $1 | ₦1166 per $1 | Mon, Apr 29 2024 7:00:02 AM |
Moneygram
|
- per $1 | ₦1166 per $1 | Mon, Apr 29 2024 7:00:02 AM |
What is a Provider?
A provider is an entity that helps facilitate the exchange of currencies. If you have 100 USDT and want to exchange it for naira, you will need an exchange provider to convert your USDT to naira. A provider can be an individual or entity. On Monierate, we only list trusted entities for you to choose from, not individual traders.
What is Buy Price?
The buy price is the rate at which you pay to convert naira to dollars. It represents how much naira you're paying for every dollar obtained. For instance, if you have naira but need USDT to pay a bill, you exchange your naira for USDT, and the provider credits USDT to you at the buy price.
What is Sell Price?
The sell price is the rate at which you pay to convert dollars to naira. It represents how much naira you're getting for every dollar exchanged. For instance, if you have USDT but need naira to pay a bill, you exchange your USDT for naira, and the provider credits naira to you at the sell price.
Why is the buy price usually higher than the sell price?
Exchange providers make money from the difference between the buying and selling prices of the dollar. This is commonly known as arbitrage or trading profit—buying low and selling high. If you have USDT but need naira, they buy the USDT from you at a lower naira price and sell it at a higher naira price to someone else who needs USDT.
How Monierate works
Monierate operates as a platform for comparing dollar prices across various providers in Nigeria.
Here's how it works:
Comparison Functionality: Monierate gathers and displays the prices of the dollar from multiple providers in Nigeria. You can compare these prices to find the best rates available in the market.
Exchange Rate Information: You can use Monierate to obtain daily information on the exchange rate of the dollar to naira.
Order Arrangement: Prices are presented by default from the lowest to the highest, allowing You to easily identify the most cost-effective rates.
Buy and Sell Options: Monierate facilitates You in acquiring more dollars for naira or vice versa by presenting both buy and sell options.
Customizable Sorting: You have the flexibility to customize the order of the displayed rates, choosing between low to high or sorting by buy or sell prices.
Provider Tracking: Monierate actively tracks the 24-hour prices of the dollar across a diverse range of providers, including platforms such as Binance, Luno, Remitano, Yellow Card, Quidax, and Payday.
In essence, we simplifies the process of finding the most favorable dollar exchange rates in Nigeria by providing a user-friendly platform for comparison and real-time rate tracking.
