| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
|
₦1520 per $1 | ₦1520 per $1 | Just now |
|
₦1527 per $1 | ₦1512 per $1 | Just now |
|
₦1537 per $1 | - per $1 | Just now |
|
₦1540 per $1 | ₦1511 per $1 | 3 days ago |
|
₦1541 per $1 | ₦1533 per $1 | Just now |
|
₦1541 per $1 | - per $1 | Just now |
|
₦1543 per $1 | ₦1563 per $1 | Just now |
|
₦1544 per $1 | ₦1544 per $1 | Just now |
|
₦1546 per $1 | ₦1542 per $1 | Just now |
|
₦1550 per $1 | ₦1500 per $1 | Just now |
|
₦1550 per $1 | ₦1520 per $1 | 3 days ago |
|
₦1552 per $1 | ₦1552 per $1 | Just now |
|
₦1553 per $1 | ₦1578 per $1 | Just now |
|
₦1554 per $1 | ₦1553 per $1 | Just now |
|
₦1554 per $1 | ₦1500 per $1 | 7 days ago |
|
₦1555 per $1 | ₦1666 per $1 | Just now |
|
₦1557 per $1 | ₦1528 per $1 | Just now |
|
₦1558 per $1 | ₦1527 per $1 | Just now |
|
₦1560 per $1 | ₦1515 per $1 | Just now |
|
₦1561 per $1 | ₦1541 per $1 | Just now |
|
₦1561 per $1 | ₦1538 per $1 | Just now |
|
₦1562 per $1 | ₦1523 per $1 | Just now |
|
₦1562 per $1 | ₦1529 per $1 | Just now |
|
₦1562 per $1 | ₦1525 per $1 | Just now |
|
₦1562 per $1 | - per $1 | Just now |
|
₦1565 per $1 | ₦1535 per $1 | 3 days ago |
|
₦1565 per $1 | ₦1522 per $1 | Just now |
|
₦1567 per $1 | ₦1520 per $1 | Just now |
|
₦1576 per $1 | ₦1531 per $1 | Just now |
|
₦1596 per $1 | ₦1523 per $1 | 17 hours ago |
|
₦1605 per $1 | ₦1520 per $1 | 3 days ago |
|
₦1615 per $1 | ₦1580 per $1 | Just now |
|
₦1739 per $1 | ₦1506 per $1 | 3 days ago |
|
- per $1 | ₦1555 per $1 | Just now |
|
- per $1 | ₦1545 per $1 | Just now |
|
- per $1 | ₦1543 per $1 | Just now |
|
- per $1 | ₦1529 per $1 | Just now |
|
- per $1 | ₦1523 per $1 | Just now |
|
- per $1 | ₦1521 per $1 | Just now |
|
- per $1 | ₦1518 per $1 | Just now |
|
- per $1 | ₦1514 per $1 | Just now |
|
- per $1 | ₦1513 per $1 | Just now |
|
- per $1 | ₦1504 per $1 | Just now |
|
- per $1 | ₦1500 per $1 | Just now |
|
- per $1 | ₦1498 per $1 | Just now |
|
- per $1 | ₦1498 per $1 | Just now |
|
- per $1 | ₦1491 per $1 | Just now |
|
- per $1 | ₦1480 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.
