| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
|
₦1517 per $1 | ₦1517 per $1 | Just now |
|
₦1519 per $1 | ₦1518 per $1 | Just now |
|
₦1521 per $1 | ₦1495 per $1 | 20 days ago |
|
₦1538 per $1 | - per $1 | Just now |
|
₦1542 per $1 | ₦1535 per $1 | Just now |
|
₦1553 per $1 | - per $1 | Just now |
|
₦1565 per $1 | ₦1563 per $1 | Just now |
|
₦1566 per $1 | ₦1563 per $1 | Just now |
|
₦1573 per $1 | ₦1598 per $1 | Just now |
|
₦1573 per $1 | ₦1551 per $1 | Just now |
|
₦1574 per $1 | ₦1533 per $1 | Just now |
|
₦1574 per $1 | ₦1557 per $1 | Just now |
|
₦1574 per $1 | ₦1551 per $1 | Just now |
|
₦1575 per $1 | ₦1555 per $1 | Just now |
|
₦1579 per $1 | ₦1633 per $1 | Just now |
|
₦1580 per $1 | ₦1541 per $1 | Just now |
|
₦1580 per $1 | ₦1564 per $1 | Just now |
|
₦1581 per $1 | ₦1544 per $1 | Just now |
|
₦1583 per $1 | ₦1552 per $1 | Just now |
|
₦1585 per $1 | ₦1595 per $1 | Just now |
|
₦1585 per $1 | ₦1550 per $1 | Today, 08:59 AM |
|
₦1589 per $1 | - per $1 | Just now |
|
₦1590 per $1 | ₦1535 per $1 | Just now |
|
₦1592 per $1 | ₦1539 per $1 | Today, 09:06 AM |
|
₦1594 per $1 | ₦1514 per $1 | Just now |
|
₦1597 per $1 | ₦1552 per $1 | Just now |
|
₦1600 per $1 | ₦1545 per $1 | Just now |
|
₦1615 per $1 | ₦1580 per $1 | Just now |
|
₦1616 per $1 | ₦1542 per $1 | Just now |
|
₦1640 per $1 | ₦1600 per $1 | Just now |
|
₦1655 per $1 | ₦1553 per $1 | Today, 09:02 AM |
|
₦1774 per $1 | ₦1537 per $1 | Today, 09:00 AM |
|
- per $1 | ₦1558 per $1 | Just now |
|
- per $1 | ₦1557 per $1 | Just now |
|
- per $1 | ₦1556 per $1 | Just now |
|
- per $1 | ₦1553 per $1 | Just now |
|
- per $1 | ₦1550 per $1 | Today, 09:00 AM |
|
- per $1 | ₦1540 per $1 | Just now |
|
- per $1 | ₦1530 per $1 | Just now |
|
- per $1 | ₦1526 per $1 | Just now |
|
- per $1 | ₦1523 per $1 | Just now |
|
- per $1 | ₦1514 per $1 | Just now |
|
- per $1 | ₦1505 per $1 | Just now |
|
- per $1 | ₦1500 per $1 | Just now |
|
- per $1 | ₦1500 per $1 | Just now |
|
- per $1 | ₦1492 per $1 | Just now |
|
- per $1 | ₦1490 per $1 | Just now |
|
- per $1 | ₦1480 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.
