| Provider | Buy | Sell | Last Updated |
|---|---|---|---|
 | ₦1,261 per $1 | ₦1,241 per $1 | Just now |
 | ₦1,487 per $1 | ₦1,487 per $1 | 2 days ago |
 | ₦1,490 per $1 | - | Just now |
 | ₦1,493 per $1 | ₦1,491 per $1 | Just now |
 | ₦1,494 per $1 | ₦1,489 per $1 | Just now |
 | ₦1,494 per $1 | ₦1,486 per $1 | Just now |
 | ₦1,494 per $1 | ₦1,480 per $1 | Just now |
 | ₦1,494 per $1 | ₦1,489 per $1 | Just now |
 | ₦1,496 per $1 | - | Just now |
 | ₦1,500 per $1 | ₦1,483 per $1 | Just now |
 | ₦1,500 per $1 | ₦1,479 per $1 | Just now |
 | ₦1,501 per $1 | ₦1,488 per $1 | 21 hours ago |
 | ₦1,506 per $1 | ₦1,476 per $1 | Just now |
 | ₦1,506 per $1 | ₦1,475 per $1 | Just now |
 | ₦1,510 per $1 | ₦1,470 per $1 | Just now |
 | ₦1,510 per $1 | - | Just now |
 | ₦1,515 per $1 | ₦1,480 per $1 | 5 days ago |
 | ₦1,516 per $1 | - | Just now |
 | ₦1,520 per $1 | ₦1,490 per $1 | 14 hours ago |
 | ₦1,523 per $1 | ₦1,493 per $1 | Just now |
 | ₦1,524 per $1 | ₦1,479 per $1 | Just now |
 | ₦1,525 per $1 | ₦1,510 per $1 | 14 hours ago |
 | ₦1,528 per $1 | ₦1,479 per $1 | Just now |
 | ₦1,528 per $1 | ₦1,456 per $1 | Just now |
 | ₦1,530 per $1 | ₦1,497 per $1 | 11 days ago |
 | ₦1,530 per $1 | ₦1,430 per $1 | Just now |
 | ₦1,534 per $1 | ₦1,509 per $1 | Just now |
 | ₦1,536 per $1 | ₦1,490 per $1 | 11 days ago |
 | ₦1,537 per $1 | ₦1,517 per $1 | Just now |
 | ₦1,540 per $1 | ₦1,485 per $1 | Just now |
 | ₦1,550 per $1 | ₦1,459 per $1 | 14 hours ago |
 | ₦1,566 per $1 | ₦1,485 per $1 | Just now |
 | ₦1,585 per $1 | ₦1,540 per $1 | Just now |
 | ₦1,589 per $1 | ₦1,527 per $1 | 14 hours ago |
 | ₦1,592 per $1 | ₦1,488 per $1 | 5 days ago |
 | ₦1,599 per $1 | ₦1,479 per $1 | Just now |
 | ₦1,599 per $1 | ₦1,575 per $1 | Just now |
 | ₦4,419 per $1 | ₦1,511 per $1 | Just now |
 | - | ₦1,507 per $1 | Just now |
 | - | ₦1,497 per $1 | Just now |
 | - | ₦1,495 per $1 | Just now |
 | - | ₦1,491 per $1 | Just now |
 | - | ₦1,491 per $1 | 7 days ago |
 | - | ₦1,487 per $1 | Just now |
 | - | ₦1,486 per $1 | Just now |
 | - | ₦1,484 per $1 | Just now |
 | - | ₦1,483 per $1 | Just now |
 | - | ₦1,475 per $1 | Just now |
 | - | ₦1,471 per $1 | Just now |
 | - | ₦1,471 per $1 | Just now |
 | - | ₦1,467 per $1 | Just now |
 | - | ₦1,462 per $1 | Just now |
 | - | ₦1,459 per $1 | Just now |
 | - | ₦1,458 per $1 | Just now |
 | - | ₦1,453 per $1 | Just now |
 | - | ₦1,445 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.
