| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
|
₦1592 per $1 | - per $1 | Just now |
|
₦1596 per $1 | ₦1523 per $1 | 22 days ago |
|
₦1597 per $1 | ₦1586 per $1 | Just now |
|
₦1598 per $1 | ₦1596 per $1 | Just now |
|
₦1599 per $1 | ₦1594 per $1 | Just now |
|
₦1599 per $1 | ₦1599 per $1 | Just now |
|
₦1601 per $1 | ₦1600 per $1 | Just now |
|
₦1607 per $1 | - per $1 | Just now |
|
₦1607 per $1 | ₦1591 per $1 | Just now |
|
₦1607 per $1 | ₦1583 per $1 | Just now |
|
₦1609 per $1 | ₦1576 per $1 | Just now |
|
₦1611 per $1 | ₦1603 per $1 | Just now |
|
₦1612 per $1 | ₦1580 per $1 | Just now |
|
₦1612 per $1 | ₦1574 per $1 | 22 hours ago |
|
₦1612 per $1 | ₦1592 per $1 | 22 hours ago |
|
₦1614 per $1 | ₦1692 per $1 | Just now |
|
₦1615 per $1 | ₦1578 per $1 | Just now |
|
₦1617 per $1 | ₦1647 per $1 | Just now |
|
₦1619 per $1 | ₦1644 per $1 | Just now |
|
₦1623 per $1 | - per $1 | Just now |
|
₦1623 per $1 | ₦1575 per $1 | Just now |
|
₦1624 per $1 | ₦1584 per $1 | Just now |
|
₦1625 per $1 | ₦1600 per $1 | Just now |
|
₦1625 per $1 | ₦1595 per $1 | 22 hours ago |
|
₦1626 per $1 | ₦1587 per $1 | Just now |
|
₦1631 per $1 | ₦1583 per $1 | Just now |
|
₦1638 per $1 | ₦1540 per $1 | 16 days ago |
|
₦1646 per $1 | ₦1553 per $1 | Just now |
|
₦1650 per $1 | ₦1596 per $1 | 9 days ago |
|
₦1662 per $1 | ₦1540 per $1 | Just now |
|
₦1680 per $1 | ₦1620 per $1 | Just now |
|
₦1682 per $1 | ₦1577 per $1 | 22 hours ago |
|
₦1814 per $1 | ₦1572 per $1 | 22 hours ago |
|
- per $1 | ₦1625 per $1 | Just now |
|
- per $1 | ₦1605 per $1 | Just now |
|
- per $1 | ₦1594 per $1 | Just now |
|
- per $1 | ₦1590 per $1 | Just now |
|
- per $1 | ₦1585 per $1 | Just now |
|
- per $1 | ₦1585 per $1 | Just now |
|
- per $1 | ₦1583 per $1 | Just now |
|
- per $1 | ₦1583 per $1 | Just now |
|
- per $1 | ₦1582 per $1 | Just now |
|
- per $1 | ₦1578 per $1 | Just now |
|
- per $1 | ₦1572 per $1 | Just now |
|
- per $1 | ₦1572 per $1 | Just now |
|
- per $1 | ₦1567 per $1 | Just now |
|
- per $1 | ₦1566 per $1 | Just now |
|
- per $1 | ₦1558 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.