| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
HTX (Huobi)
|
₦1557 per $1 | ₦1920 per $1 | Just now |
Nigeria Customs
|
₦1640 per $1 | ₦1640 per $1 | Just now |
CBN
|
₦1640 per $1 | ₦1639 per $1 | Just now |
Paypal
|
₦1643 per $1 | - per $1 | Just now |
Cambridge Currencies
|
₦1647 per $1 | ₦1639 per $1 | Just now |
GT Bank
|
₦1679 per $1 | ₦1600 per $1 | 20 hours ago |
Bybit
|
₦1710 per $1 | ₦1714 per $1 | Just now |
Cedar.money
|
₦1712 per $1 | - per $1 | Just now |
Quidax
|
₦1714 per $1 | ₦1711 per $1 | Just now |
Cashwyre
|
₦1720 per $1 | ₦1650 per $1 | Just now |
Bitnob
|
₦1721 per $1 | ₦1675 per $1 | Just now |
Cenoa
|
₦1723 per $1 | ₦1698 per $1 | Just now |
Remitano
|
₦1724 per $1 | ₦1716 per $1 | Just now |
Yellow Card
|
₦1725 per $1 | ₦1705 per $1 | Just now |
VertoFX
|
₦1725 per $1 | ₦1708 per $1 | Just now |
Coinprofile
|
₦1725 per $1 | ₦1700 per $1 | Just now |
Noones
|
₦1726 per $1 | ₦1692 per $1 | Just now |
DigiOats
|
₦1727 per $1 | ₦1690 per $1 | Just now |
Neona Synergy
|
₦1727 per $1 | ₦1702 per $1 | Just now |
CoinEx
|
₦1729 per $1 | ₦1705 per $1 | Just now |
Nearpays
|
₦1731 per $1 | ₦1677 per $1 | Just now |
Beans App
|
₦1733 per $1 | ₦1715 per $1 | Just now |
Accrue
|
₦1734 per $1 | ₦1693 per $1 | Just now |
Bitmama
|
₦1734 per $1 | ₦1693 per $1 | Just now |
Palremit
|
₦1735 per $1 | ₦1702 per $1 | Just now |
Zillawire
|
₦1737 per $1 | - per $1 | Just now |
Grey
|
₦1742 per $1 | ₦1687 per $1 | 53 minutes ago |
Changera
|
₦1742 per $1 | ₦1686 per $1 | 45 minutes ago |
Wirepay
|
₦1756 per $1 | ₦1661 per $1 | 2 days ago |
Piggyvest
|
₦1765 per $1 | ₦1715 per $1 | 44 minutes ago |
Eversend
|
₦1798 per $1 | ₦1676 per $1 | 47 minutes ago |
Chipper Cash
|
₦1886 per $1 | ₦1646 per $1 | 54 minutes ago |
Jackocoins
|
- per $1 | ₦1710 per $1 | Just now |
Nala
|
- per $1 | ₦1692 per $1 | Just now |
Flutterwave Send
|
- per $1 | ₦1688 per $1 | Just now |
SendSprint
|
- per $1 | ₦1688 per $1 | Just now |
Cash-in
|
- per $1 | ₦1686 per $1 | Just now |
Sendwave
|
- per $1 | ₦1673 per $1 | Just now |
Western Union
|
- per $1 | ₦1662 per $1 | Just now |
Remitly
|
- per $1 | ₦1656 per $1 | Just now |
Payoneer
|
- per $1 | ₦1626 per $1 | Just now |
Ria Money
|
- per $1 | ₦1617 per $1 | Just now |
WorldRemit
|
- per $1 | ₦1607 per $1 | Just now |
Moneygram
|
- per $1 | ₦1602 per $1 | Just now |
Skrill
|
- per $1 | ₦1594 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.