| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
|
₦1675 per $1 | ₦1675 per $1 | Just now |
|
₦1682 per $1 | - per $1 | Just now |
|
₦1686 per $1 | ₦1677 per $1 | Just now |
|
₦1689 per $1 | ₦1688 per $1 | Just now |
|
₦1689 per $1 | ₦1620 per $1 | 9 days ago |
|
₦1734 per $1 | ₦1722 per $1 | Just now |
|
₦1740 per $1 | - per $1 | Just now |
|
₦1743 per $1 | ₦1742 per $1 | Just now |
|
₦1745 per $1 | ₦1739 per $1 | Just now |
|
₦1750 per $1 | ₦1708 per $1 | Just now |
|
₦1750 per $1 | ₦1704 per $1 | Just now |
|
₦1752 per $1 | ₦1725 per $1 | Just now |
|
₦1752 per $1 | ₦1765 per $1 | Just now |
|
₦1752 per $1 | ₦1730 per $1 | Just now |
|
₦1753 per $1 | ₦1710 per $1 | 3 days ago |
|
₦1753 per $1 | ₦1727 per $1 | Just now |
|
₦1754 per $1 | ₦1720 per $1 | Just now |
|
₦1755 per $1 | ₦1730 per $1 | Just now |
|
₦1758 per $1 | ₦1725 per $1 | Just now |
|
₦1758 per $1 | ₦1724 per $1 | Just now |
|
₦1760 per $1 | ₦1730 per $1 | Just now |
|
₦1762 per $1 | ₦1712 per $1 | Just now |
|
₦1763 per $1 | ₦1722 per $1 | Just now |
|
₦1764 per $1 | ₦1728 per $1 | Just now |
|
₦1765 per $1 | - per $1 | Just now |
|
₦1766 per $1 | ₦1710 per $1 | 6 days ago |
|
₦1770 per $1 | ₦1729 per $1 | Just now |
|
₦1772 per $1 | ₦1722 per $1 | Just now |
|
₦1790 per $1 | ₦1740 per $1 | 6 days ago |
|
₦1792 per $1 | ₦1697 per $1 | Just now |
|
₦1824 per $1 | ₦1709 per $1 | 3 days ago |
|
₦1929 per $1 | ₦1652 per $1 | 3 days ago |
|
- per $1 | ₦1741 per $1 | Just now |
|
- per $1 | ₦1724 per $1 | Just now |
|
- per $1 | ₦1713 per $1 | Just now |
|
- per $1 | ₦1712 per $1 | Just now |
|
- per $1 | ₦1712 per $1 | Just now |
|
- per $1 | ₦1702 per $1 | Just now |
|
- per $1 | ₦1701 per $1 | Just now |
|
- per $1 | ₦1701 per $1 | Just now |
|
- per $1 | ₦1665 per $1 | Just now |
|
- per $1 | ₦1656 per $1 | Just now |
|
- per $1 | ₦1645 per $1 | Just now |
|
- per $1 | ₦1639 per $1 | Just now |
|
- per $1 | ₦1631 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.