| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
Beans App
|
₦1369 per $1 | ₦1359 per $1 | Sun, May 05 2024 3:30:28 AM |
LINK Business
|
₦1375 per $1 | - per $1 | Sun, May 05 2024 3:30:24 AM |
Quidax
|
₦1375 per $1 | ₦1365 per $1 | Sun, May 05 2024 3:30:10 AM |
Noones
|
₦1376 per $1 | ₦1369 per $1 | Sun, May 05 2024 3:30:20 AM |
Kucoin
|
₦1376 per $1 | ₦1363 per $1 | Sun, May 05 2024 3:30:11 AM |
Nearpays
|
₦1380 per $1 | ₦1380 per $1 | Sun, May 05 2024 3:30:30 AM |
Bybit
|
₦1383 per $1 | ₦1382 per $1 | Sun, May 05 2024 3:30:15 AM |
Paxful
|
₦1383 per $1 | ₦1376 per $1 | Sun, May 05 2024 3:30:21 AM |
Cashwyre
|
₦1385 per $1 | ₦1370 per $1 | Sun, May 05 2024 3:30:17 AM |
Cedar.money
|
₦1387 per $1 | - per $1 | Sun, May 05 2024 2:52:13 AM |
HTX (Huobi)
|
₦1390 per $1 | ₦1369 per $1 | Sun, May 05 2024 3:30:12 AM |
Bitnob
|
₦1393 per $1 | ₦1312 per $1 | Sat, May 04 2024 3:36:28 PM |
Accrue
|
₦1393 per $1 | ₦1372 per $1 | Sun, May 05 2024 3:30:23 AM |
Remitano
|
₦1394 per $1 | ₦1361 per $1 | Sun, May 05 2024 3:30:13 AM |
Grey
|
₦1394 per $1 | ₦1328 per $1 | Sat, May 04 2024 3:35:36 PM |
Flutterwave Send
|
₦1397 per $1 | ₦1345 per $1 | Sun, May 05 2024 3:30:17 AM |
Changera
|
₦1400 per $1 | ₦1349 per $1 | Sat, May 04 2024 3:38:33 PM |
Bitmama
|
₦1402 per $1 | ₦1366 per $1 | Sun, May 05 2024 3:30:22 AM |
Zillawire
|
₦1403 per $1 | - per $1 | Sun, May 05 2024 3:30:24 AM |
Cenoa
|
₦1407 per $1 | ₦1348 per $1 | Sun, May 05 2024 3:30:29 AM |
Palremit
|
₦1414 per $1 | ₦1346 per $1 | Sun, May 05 2024 3:30:25 AM |
Yellow Card
|
₦1415 per $1 | ₦1355 per $1 | Sun, May 05 2024 3:30:18 AM |
Coinprofile
|
₦1427 per $1 | ₦1407 per $1 | Sun, May 05 2024 3:30:19 AM |
Piggyvest
|
₦1440 per $1 | ₦1380 per $1 | Sat, May 04 2024 3:37:03 PM |
CBN
|
₦1442 per $1 | ₦1441 per $1 | Sun, May 05 2024 3:30:01 AM |
Klasha
|
₦1446 per $1 | ₦732 per $1 | Wed, May 01 2024 2:52:29 PM |
Eversend
|
₦1490 per $1 | ₦1330 per $1 | Sat, May 04 2024 3:34:40 PM |
Wirepay
|
₦1510 per $1 | ₦1280 per $1 | Sat, May 04 2024 3:40:04 PM |
Binance
|
₦1518 per $1 | ₦1517 per $1 | Sun, May 05 2024 3:30:10 AM |
Chipper Cash
|
₦1539 per $1 | ₦1321 per $1 | Sat, May 04 2024 3:33:31 PM |
Luno
|
₦1850 per $1 | ₦1850 per $1 | Tue, Feb 27 2024 3:30:15 PM |
Skrill
|
- per $1 | ₦1456 per $1 | Sun, May 05 2024 3:30:01 AM |
Paypal
|
- per $1 | ₦1452 per $1 | Sun, May 05 2024 3:30:01 AM |
Moneygram
|
- per $1 | ₦1451 per $1 | Sun, May 05 2024 3:30:01 AM |
Payoneer
|
- per $1 | ₦1450 per $1 | Sun, May 05 2024 3:30:01 AM |
Remitly
|
- per $1 | ₦1449 per $1 | Sun, May 05 2024 3:30:01 AM |
Western Union
|
- per $1 | ₦1443 per $1 | Sun, May 05 2024 3:30:01 AM |
Sendwave
|
- per $1 | ₦1354 per $1 | Sun, May 05 2024 3:30:27 AM |
WorldRemit
|
- per $1 | ₦1353 per $1 | Sun, May 05 2024 3:30:26 AM |
Jackocoins
|
- per $1 | ₦1351 per $1 | Sun, May 05 2024 3:30:14 AM |
Cash-in
|
- per $1 | ₦1300 per $1 | Sun, May 05 2024 3:30:16 AM |
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.
