| Provider | Buy | Sell | Last Updated |
|---|---|---|---|
 | ₦1,376 per $1 | ₦1,369 per $1 | 2 months ago |
 | ₦1,404 per $1 | ₦1,379 per $1 | 2 months ago |
 | ₦1,405 per $1 | ₦1,404 per $1 | 1 month ago |
 | ₦1,408 per $1 | ₦1,405 per $1 | 1 month ago |
 | ₦1,410 per $1 | ₦1,403 per $1 | 1 month ago |
 | ₦1,410 per $1 | ₦1,382 per $1 | 1 month ago |
 | ₦1,411 per $1 | ₦1,402 per $1 | 1 month ago |
 | ₦1,412 per $1 | ₦1,396 per $1 | 2 months ago |
 | ₦1,412 per $1 | - | 1 month ago |
 | ₦1,412 per $1 | ₦1,399 per $1 | 1 month ago |
 | ₦1,414 per $1 | ₦1,398 per $1 | 1 month ago |
 | ₦1,421 per $1 | ₦1,375 per $1 | 1 month ago |
 | ₦1,424 per $1 | - | 1 month ago |
 | ₦1,425 per $1 | ₦1,385 per $1 | 1 month ago |
 | ₦1,426 per $1 | ₦1,388 per $1 | 1 month ago |
 | ₦1,426 per $1 | ₦1,405 per $1 | 1 month ago |
 | ₦1,428 per $1 | ₦1,400 per $1 | 1 month ago |
 | ₦1,430 per $1 | ₦1,380 per $1 | 1 month ago |
 | ₦1,437 per $1 | ₦1,402 per $1 | 1 month ago |
 | ₦1,439 per $1 | ₦1,386 per $1 | 1 month ago |
 | ₦1,440 per $1 | ₦1,400 per $1 | 1 month ago |
 | ₦1,440 per $1 | ₦1,395 per $1 | 2 months ago |
 | ₦1,455 per $1 | ₦1,440 per $1 | 2 months ago |
 | ₦1,460 per $1 | ₦1,373 per $1 | 2 months ago |
 | ₦1,460 per $1 | - | 1 month ago |
 | ₦1,460 per $1 | ₦1,391 per $1 | 1 month ago |
 | ₦1,491 per $1 | ₦1,376 per $1 | 2 months ago |
 | ₦1,495 per $1 | ₦1,380 per $1 | 1 month ago |
 | ₦1,516 per $1 | ₦1,501 per $1 | 2 months ago |
 | - | ₦1,426 per $1 | 2 months ago |
 | - | ₦1,416 per $1 | 1 month ago |
 | - | ₦1,405 per $1 | 1 month ago |
 | - | ₦1,404 per $1 | 1 month ago |
 | - | ₦1,404 per $1 | 1 month ago |
 | - | ₦1,401 per $1 | 1 month ago |
 | - | ₦1,400 per $1 | 1 month ago |
 | - | ₦1,400 per $1 | 1 month ago |
 | - | ₦1,398 per $1 | 1 month ago |
 | - | ₦1,397 per $1 | 1 month ago |
 | - | ₦1,395 per $1 | 1 month ago |
 | - | ₦1,395 per $1 | 1 month ago |
 | - | ₦1,372 per $1 | 2 months ago |
 | - | ₦1,370 per $1 | 1 month ago |
 | - | ₦1,363 per $1 | 1 month ago |
 | - | ₦1,354 per $1 | 1 month ago |
 | - | ₦1,349 per $1 | 1 month ago |
 | - | ₦1,343 per $1 | 1 month ago |
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.