Cedar Money

Today's dollar to naira rates on exchanges

Compare the prices of dollar to naira from 46 exchange providers.

Sort by: Low to high
Provider Buy Price Sell Price Last updated
LINK Business icon LINK Business ₦1465 per $1 - per $1 Mon, May 20 2024 2:10:25 PM
Beans App icon Beans App ₦1471 per $1 ₦1457 per $1 Fri, Jun 21 2024 6:40:27 PM
Nigeria Customs icon Nigeria Customs ₦1474 per $1 ₦1474 per $1 Fri, Jun 21 2024 6:30:09 PM
CBN icon CBN ₦1483 per $1 ₦1482 per $1 Fri, Jun 21 2024 6:30:02 PM
Paxful icon Paxful ₦1484 per $1 ₦1476 per $1 Fri, Jun 21 2024 6:40:21 PM
Noones icon Noones ₦1487 per $1 ₦1480 per $1 Fri, Jun 21 2024 6:40:20 PM
Bybit icon Bybit ₦1490 per $1 ₦1493 per $1 Fri, Jun 21 2024 6:40:15 PM
DigiOats icon DigiOats ₦1490 per $1 ₦1475 per $1 Fri, Jun 21 2024 6:39:55 PM
Nearpays icon Nearpays ₦1490 per $1 ₦1490 per $1 Fri, Jun 21 2024 6:40:29 PM
Cedar.money icon Cedar.money ₦1491 per $1 - per $1 Fri, Jun 21 2024 6:40:30 PM
Bitnob icon Bitnob ₦1493 per $1 ₦1416 per $1 Wed, Jun 19 2024 8:07:36 AM
Neona Synergy icon Neona Synergy ₦1495 per $1 ₦1476 per $1 Fri, Jun 21 2024 6:43:17 PM
Quidax icon Quidax ₦1496 per $1 ₦1486 per $1 Fri, Jun 21 2024 6:40:11 PM
HTX (Huobi) icon HTX (Huobi) ₦1499 per $1 ₦1490 per $1 Fri, Jun 21 2024 6:40:12 PM
Remitano icon Remitano ₦1500 per $1 ₦1483 per $1 Fri, Jun 21 2024 6:40:13 PM
Changera icon Changera ₦1506 per $1 ₦1458 per $1 Wed, Jun 19 2024 8:14:02 AM
Cenoa icon Cenoa ₦1507 per $1 ₦1468 per $1 Fri, Jun 21 2024 6:40:28 PM
Bitmama icon Bitmama ₦1509 per $1 ₦1476 per $1 Fri, Jun 21 2024 6:40:22 PM
Cashwyre icon Cashwyre ₦1510 per $1 ₦1425 per $1 Fri, Jun 21 2024 6:40:18 PM
Yellow Card icon Yellow Card ₦1510 per $1 ₦1488 per $1 Fri, Jun 21 2024 6:40:19 PM
Accrue icon Accrue ₦1514 per $1 ₦1493 per $1 Fri, Jun 21 2024 6:40:23 PM
Grey icon Grey ₦1514 per $1 ₦1462 per $1 Wed, Jun 19 2024 8:08:03 AM
Zillawire icon Zillawire ₦1514 per $1 - per $1 Fri, Jun 21 2024 6:40:24 PM
Flutterwave Send icon Flutterwave Send ₦1517 per $1 ₦1466 per $1 Fri, Jun 21 2024 6:40:17 PM
Binance icon Binance ₦1518 per $1 ₦1517 per $1 Fri, Jun 21 2024 6:40:12 PM
Coinprofile icon Coinprofile ₦1527 per $1 ₦1507 per $1 Fri, Jun 21 2024 6:40:19 PM
Palremit icon Palremit ₦1534 per $1 ₦1478 per $1 Fri, Jun 21 2024 6:40:25 PM
Kucoin icon Kucoin ₦1537 per $1 ₦1522 per $1 Wed, May 15 2024 9:50:12 AM
Wirepay icon Wirepay ₦1538 per $1 ₦1447 per $1 Wed, Jun 19 2024 8:09:55 AM
Piggyvest icon Piggyvest ₦1560 per $1 ₦1500 per $1 Wed, Jun 19 2024 8:09:05 AM
Klasha icon Klasha ₦1579 per $1 ₦732 per $1 Wed, Jun 19 2024 8:12:08 AM
Eversend icon Eversend ₦1600 per $1 ₦1400 per $1 Wed, Jun 19 2024 8:07:02 AM
Chipper Cash icon Chipper Cash ₦1652 per $1 ₦1422 per $1 Wed, Jun 19 2024 8:05:51 AM
Luno icon Luno ₦1850 per $1 ₦1850 per $1 Tue, Feb 27 2024 3:30:15 PM
Payoneer icon Payoneer - per $1 ₦1495 per $1 Fri, Jun 21 2024 6:30:03 PM
Paypal icon Paypal - per $1 ₦1493 per $1 Fri, Jun 21 2024 6:30:04 PM
Moneygram icon Moneygram - per $1 ₦1489 per $1 Fri, Jun 21 2024 6:30:07 PM
Western Union icon Western Union - per $1 ₦1486 per $1 Fri, Jun 21 2024 6:30:08 PM
Skrill icon Skrill - per $1 ₦1484 per $1 Fri, Jun 21 2024 6:30:06 PM
Remitly icon Remitly - per $1 ₦1484 per $1 Fri, Jun 21 2024 6:30:05 PM
Sendwave icon Sendwave - per $1 ₦1479 per $1 Fri, Jun 21 2024 6:40:26 PM
WorldRemit icon WorldRemit - per $1 ₦1471 per $1 Fri, Jun 21 2024 6:40:26 PM
Jackocoins icon Jackocoins - per $1 ₦1470 per $1 Fri, Jun 21 2024 6:40:14 PM
Cash-in icon Cash-in - per $1 ₦1460 per $1 Fri, Jun 21 2024 6:40:16 PM

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.

Cedar Money

$1 = ₦1,503