| Provider | Buy | Sell | Last Updated |
|---|---|---|---|
 | ₦1,396 per $1 | - | Just now |
 | ₦1,399 per $1 | ₦1,393 per $1 | Just now |
 | ₦1,448 per $1 | ₦1,448 per $1 | Just now |
 | ₦1,448 per $1 | ₦1,447 per $1 | Just now |
 | ₦1,452 per $1 | ₦1,438 per $1 | Just now |
 | ₦1,452 per $1 | ₦1,439 per $1 | Just now |
 | ₦1,453 per $1 | - | Just now |
 | ₦1,453 per $1 | ₦1,441 per $1 | Just now |
 | ₦1,455 per $1 | ₦1,435 per $1 | Just now |
 | ₦1,456 per $1 | ₦1,435 per $1 | Today, 09:08 AM |
 | ₦1,459 per $1 | - | Just now |
 | ₦1,462 per $1 | ₦1,438 per $1 | Just now |
 | ₦1,462 per $1 | ₦1,440 per $1 | Just now |
 | ₦1,465 per $1 | ₦1,415 per $1 | Just now |
 | ₦1,465 per $1 | ₦1,415 per $1 | Today, 09:22 AM |
 | ₦1,467 per $1 | ₦1,433 per $1 | Just now |
 | ₦1,468 per $1 | ₦1,439 per $1 | Just now |
 | ₦1,469 per $1 | ₦1,432 per $1 | Just now |
 | ₦1,470 per $1 | ₦1,440 per $1 | Just now |
 | ₦1,470 per $1 | ₦1,425 per $1 | Just now |
 | ₦1,480 per $1 | ₦1,420 per $1 | Today, 09:13 AM |
 | ₦1,481 per $1 | ₦1,429 per $1 | Just now |
 | ₦1,485 per $1 | ₦1,435 per $1 | Just now |
 | ₦1,490 per $1 | - | Just now |
 | ₦1,495 per $1 | ₦1,480 per $1 | Today, 09:18 AM |
 | ₦1,505 per $1 | ₦1,420 per $1 | Just now |
 | ₦1,507 per $1 | ₦1,417 per $1 | Today, 09:31 AM |
 | ₦1,515 per $1 | ₦1,490 per $1 | Just now |
 | ₦1,516 per $1 | ₦1,501 per $1 | Just now |
 | ₦1,532 per $1 | ₦1,421 per $1 | Today, 09:14 AM |
 | ₦1,543 per $1 | ₦1,433 per $1 | Just now |
 | ₦1,593 per $1 | ₦1,540 per $1 | Just now |
 | - | ₦1,454 per $1 | Today, 09:33 AM |
 | - | ₦1,444 per $1 | Just now |
 | - | ₦1,440 per $1 | Just now |
 | - | ₦1,438 per $1 | Just now |
 | - | ₦1,437 per $1 | Just now |
 | - | ₦1,436 per $1 | Just now |
 | - | ₦1,435 per $1 | Just now |
 | - | ₦1,427 per $1 | Just now |
 | - | ₦1,423 per $1 | Just now |
 | - | ₦1,421 per $1 | Just now |
 | - | ₦1,420 per $1 | Just now |
 | - | ₦1,413 per $1 | Just now |
 | - | ₦1,412 per $1 | Just now |
 | - | ₦1,382 per $1 | Just now |
 | - | ₦1,374 per $1 | Just now |
 | - | ₦1,366 per $1 | Just now |
 | - | ₦1,361 per $1 | Just now |
 | - | ₦1,354 per $1 | Just now |
 | - | ₦1,178 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.
