| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
|
₦1546 per $1 | ₦1546 per $1 | Just now |
|
₦1548 per $1 | ₦1547 per $1 | Just now |
|
₦1556 per $1 | - per $1 | Just now |
|
₦1560 per $1 | ₦1552 per $1 | Just now |
|
₦1575 per $1 | ₦1530 per $1 | Today, 09:15 AM |
|
₦1663 per $1 | ₦1650 per $1 | Just now |
|
₦1666 per $1 | ₦1665 per $1 | Just now |
|
₦1667 per $1 | ₦1665 per $1 | Just now |
|
₦1674 per $1 | ₦1640 per $1 | Just now |
|
₦1675 per $1 | ₦1700 per $1 | Just now |
|
₦1680 per $1 | ₦1642 per $1 | Just now |
|
₦1683 per $1 | ₦1658 per $1 | Just now |
|
₦1683 per $1 | ₦1657 per $1 | Just now |
|
₦1685 per $1 | ₦1655 per $1 | Just now |
|
₦1686 per $1 | ₦1645 per $1 | Today, 09:16 AM |
|
₦1686 per $1 | ₦1651 per $1 | Just now |
|
₦1687 per $1 | ₦1648 per $1 | Just now |
|
₦1687 per $1 | ₦1640 per $1 | Just now |
|
₦1688 per $1 | ₦1670 per $1 | Just now |
|
₦1690 per $1 | ₦1629 per $1 | Just now |
|
₦1693 per $1 | - per $1 | Just now |
|
₦1694 per $1 | ₦1651 per $1 | Just now |
|
₦1695 per $1 | ₦1648 per $1 | Just now |
|
₦1700 per $1 | ₦1645 per $1 | Today, 09:18 AM |
|
₦1700 per $1 | ₦1645 per $1 | Today, 09:19 AM |
|
₦1700 per $1 | ₦1654 per $1 | Just now |
|
₦1706 per $1 | - per $1 | Just now |
|
₦1728 per $1 | ₦1652 per $1 | Just now |
|
₦1733 per $1 | ₦1718 per $1 | 1 month ago |
|
₦1735 per $1 | ₦1655 per $1 | Just now |
|
₦1762 per $1 | ₦1641 per $1 | Today, 09:21 AM |
|
₦1873 per $1 | ₦1633 per $1 | Today, 09:16 AM |
|
- per $1 | ₦1718 per $1 | 1 month ago |
|
- per $1 | ₦1667 per $1 | Just now |
|
- per $1 | ₦1655 per $1 | Just now |
|
- per $1 | ₦1634 per $1 | Just now |
|
- per $1 | ₦1628 per $1 | Just now |
|
- per $1 | ₦1628 per $1 | Just now |
|
- per $1 | ₦1625 per $1 | Just now |
|
- per $1 | ₦1574 per $1 | Just now |
|
- per $1 | ₦1540 per $1 | Just now |
|
- per $1 | ₦1532 per $1 | Just now |
|
- per $1 | ₦1522 per $1 | Just now |
|
- per $1 | ₦1517 per $1 | Just now |
|
- per $1 | ₦1509 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.