| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
GT Bank
|
₦1575 per $1 | ₦1560 per $1 | 5 days ago |
CBN
|
₦1603 per $1 | ₦1602 per $1 | Just now |
Nigeria Customs
|
₦1627 per $1 | ₦1627 per $1 | Just now |
Paypal
|
₦1635 per $1 | - per $1 | Just now |
Cambridge Currencies
|
₦1639 per $1 | ₦1631 per $1 | Just now |
Neona Synergy
|
₦1702 per $1 | ₦1677 per $1 | Just now |
Beans App
|
₦1704 per $1 | ₦1687 per $1 | Just now |
Bybit
|
₦1705 per $1 | ₦1703 per $1 | Just now |
Cashwyre
|
₦1705 per $1 | ₦1645 per $1 | Just now |
Quidax
|
₦1706 per $1 | ₦1700 per $1 | Just now |
Cedar.money
|
₦1707 per $1 | - per $1 | Just now |
DigiOats
|
₦1707 per $1 | ₦1682 per $1 | Just now |
HTX (Huobi)
|
₦1709 per $1 | ₦1730 per $1 | Just now |
Bitnob
|
₦1712 per $1 | ₦1666 per $1 | Just now |
Cenoa
|
₦1713 per $1 | ₦1700 per $1 | Just now |
Coinprofile
|
₦1713 per $1 | ₦1688 per $1 | Just now |
Noones
|
₦1714 per $1 | ₦1681 per $1 | Just now |
VertoFX
|
₦1714 per $1 | ₦1681 per $1 | Just now |
Changera
|
₦1715 per $1 | ₦1664 per $1 | 1 day ago |
Nearpays
|
₦1715 per $1 | ₦1670 per $1 | Just now |
Remitano
|
₦1717 per $1 | ₦1709 per $1 | Just now |
CoinEx
|
₦1720 per $1 | ₦1667 per $1 | Just now |
Grey
|
₦1720 per $1 | ₦1665 per $1 | 1 day ago |
Yellow Card
|
₦1720 per $1 | ₦1685 per $1 | Just now |
Zillawire
|
₦1721 per $1 | - per $1 | Just now |
Bitmama
|
₦1723 per $1 | ₦1683 per $1 | Just now |
Accrue
|
₦1725 per $1 | ₦1682 per $1 | Just now |
Palremit
|
₦1730 per $1 | ₦1687 per $1 | Just now |
Wirepay
|
₦1748 per $1 | ₦1654 per $1 | Just now |
Piggyvest
|
₦1750 per $1 | ₦1690 per $1 | 5 days ago |
Eversend
|
₦1771 per $1 | ₦1656 per $1 | 1 day ago |
Chipper Cash
|
₦1870 per $1 | ₦1632 per $1 | 1 day ago |
Jackocoins
|
- per $1 | ₦1689 per $1 | Just now |
Cash-in
|
- per $1 | ₦1685 per $1 | Just now |
Flutterwave Send
|
- per $1 | ₦1669 per $1 | Just now |
SendSprint
|
- per $1 | ₦1669 per $1 | Just now |
Nala
|
- per $1 | ₦1666 per $1 | Just now |
Western Union
|
- per $1 | ₦1654 per $1 | Just now |
Remitly
|
- per $1 | ₦1650 per $1 | Just now |
Sendwave
|
- per $1 | ₦1649 per $1 | Just now |
Payoneer
|
- per $1 | ₦1619 per $1 | Just now |
Ria Money
|
- per $1 | ₦1610 per $1 | Just now |
WorldRemit
|
- per $1 | ₦1600 per $1 | Just now |
Moneygram
|
- per $1 | ₦1594 per $1 | Just now |
Skrill
|
- per $1 | ₦1586 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.