| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
|
₦1538 per $1 | ₦1538 per $1 | Just now |
|
₦1539 per $1 | ₦1538 per $1 | Just now |
|
₦1548 per $1 | - per $1 | Just now |
|
₦1552 per $1 | ₦1545 per $1 | Just now |
|
₦1638 per $1 | ₦1638 per $1 | Just now |
|
₦1640 per $1 | ₦1637 per $1 | Just now |
|
₦1643 per $1 | ₦1632 per $1 | Just now |
|
₦1646 per $1 | - per $1 | Just now |
|
₦1647 per $1 | - per $1 | Just now |
|
₦1648 per $1 | ₦1615 per $1 | Just now |
|
₦1655 per $1 | ₦1655 per $1 | Just now |
|
₦1655 per $1 | ₦1608 per $1 | Just now |
|
₦1656 per $1 | ₦1631 per $1 | Just now |
|
₦1656 per $1 | ₦1631 per $1 | Just now |
|
₦1656 per $1 | ₦1624 per $1 | Just now |
|
₦1660 per $1 | ₦1625 per $1 | Just now |
|
₦1660 per $1 | ₦1620 per $1 | Just now |
|
₦1661 per $1 | ₦1622 per $1 | 3 days ago |
|
₦1665 per $1 | ₦1550 per $1 | Just now |
|
₦1666 per $1 | ₦1625 per $1 | Just now |
|
₦1669 per $1 | ₦1615 per $1 | Just now |
|
₦1671 per $1 | ₦1630 per $1 | 3 days ago |
|
₦1673 per $1 | ₦1626 per $1 | Just now |
|
₦1686 per $1 | ₦1620 per $1 | Just now |
|
₦1688 per $1 | ₦1550 per $1 | Just now |
|
₦1700 per $1 | ₦1640 per $1 | 3 days ago |
|
₦1705 per $1 | ₦1680 per $1 | Just now |
|
₦1710 per $1 | ₦1650 per $1 | 1 month ago |
|
₦1712 per $1 | ₦1655 per $1 | Just now |
|
₦1729 per $1 | ₦1611 per $1 | 3 days ago |
|
₦1733 per $1 | ₦1718 per $1 | 25 days ago |
|
₦1836 per $1 | ₦1592 per $1 | 3 days ago |
|
- per $1 | ₦1718 per $1 | 25 days ago |
|
- per $1 | ₦1608 per $1 | Just now |
|
- per $1 | ₦1600 per $1 | Just now |
|
- per $1 | ₦1587 per $1 | Just now |
|
- per $1 | ₦1583 per $1 | Just now |
|
- per $1 | ₦1566 per $1 | Just now |
|
- per $1 | ₦1565 per $1 | Just now |
|
- per $1 | ₦1534 per $1 | Just now |
|
- per $1 | ₦1533 per $1 | Just now |
|
- per $1 | ₦1524 per $1 | Just now |
|
- per $1 | ₦1515 per $1 | Just now |
|
- per $1 | ₦1510 per $1 | Just now |
|
- per $1 | ₦1502 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.