| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
Nigeria Customs
|
₦1637 per $1 | ₦1637 per $1 | Just now |
CBN
|
₦1638 per $1 | ₦1637 per $1 | Just now |
Paypal
|
₦1643 per $1 | - per $1 | Just now |
Cambridge Currencies
|
₦1647 per $1 | ₦1639 per $1 | Just now |
GT Bank
|
₦1679 per $1 | ₦1600 per $1 | 7 days ago |
Bybit
|
₦1724 per $1 | ₦1723 per $1 | Just now |
Quidax
|
₦1725 per $1 | ₦1723 per $1 | Just now |
Cedar.money
|
₦1725 per $1 | - per $1 | Just now |
Cashwyre
|
₦1730 per $1 | ₦1695 per $1 | Just now |
Bitnob
|
₦1732 per $1 | ₦1686 per $1 | Just now |
HTX (Huobi)
|
₦1734 per $1 | ₦1749 per $1 | Just now |
Cenoa
|
₦1736 per $1 | ₦1715 per $1 | Just now |
Coinprofile
|
₦1736 per $1 | ₦1710 per $1 | Just now |
DigiOats
|
₦1737 per $1 | ₦1701 per $1 | Just now |
Neona Synergy
|
₦1739 per $1 | ₦1714 per $1 | Just now |
Yellow Card
|
₦1740 per $1 | ₦1700 per $1 | Just now |
Grey
|
₦1742 per $1 | ₦1687 per $1 | 4 days ago |
Remitano
|
₦1742 per $1 | ₦1739 per $1 | Just now |
Beans App
|
₦1743 per $1 | ₦1734 per $1 | Just now |
Noones
|
₦1745 per $1 | ₦1710 per $1 | Just now |
Bitmama
|
₦1745 per $1 | ₦1704 per $1 | Just now |
Nearpays
|
₦1745 per $1 | ₦1689 per $1 | Just now |
VertoFX
|
₦1746 per $1 | ₦1709 per $1 | Just now |
Accrue
|
₦1746 per $1 | ₦1703 per $1 | Just now |
CoinEx
|
₦1747 per $1 | ₦1713 per $1 | Just now |
Zillawire
|
₦1748 per $1 | - per $1 | Just now |
Palremit
|
₦1750 per $1 | ₦1706 per $1 | Just now |
Wirepay
|
₦1756 per $1 | ₦1661 per $1 | 8 days ago |
Changera
|
₦1757 per $1 | ₦1700 per $1 | 4 days ago |
Piggyvest
|
₦1765 per $1 | ₦1715 per $1 | 6 days ago |
Eversend
|
₦1824 per $1 | ₦1689 per $1 | 4 days ago |
Chipper Cash
|
₦1904 per $1 | ₦1662 per $1 | 4 days ago |
Nala
|
- per $1 | ₦1703 per $1 | Just now |
Flutterwave Send
|
- per $1 | ₦1702 per $1 | Just now |
SendSprint
|
- per $1 | ₦1702 per $1 | Just now |
Cash-in
|
- per $1 | ₦1695 per $1 | Just now |
Sendwave
|
- per $1 | ₦1684 per $1 | Just now |
Remitly
|
- per $1 | ₦1675 per $1 | Just now |
Jackocoins
|
- per $1 | ₦1664 per $1 | Just now |
Western Union
|
- per $1 | ₦1662 per $1 | Just now |
Payoneer
|
- per $1 | ₦1627 per $1 | Just now |
Ria Money
|
- per $1 | ₦1618 per $1 | Just now |
WorldRemit
|
- per $1 | ₦1608 per $1 | Just now |
Moneygram
|
- per $1 | ₦1602 per $1 | Just now |
Skrill
|
- per $1 | ₦1594 per $1 | Just now |
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.