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Best and Cheapest Places to Get and Buy Dollars in Nigeria


Getting good dollars cheap and at affordable rates can be tasking and difficult. However, in this chapter we’ll be guiding you on the easy and cheap way to do it . We present the best and cheapest places to get and buy dollars in Nigeria.

Best and Cheapest Places to Get and Buy Dollars in Nigeria


1. Commercial Banks

Nigeria’s commercial banks are the best and cheapest places to get or buy dollars in Nigeria. They sell at official rates, and you can switch to any of them. There is high competition among them. Thus, you can save yourself the stress and time by seeking to buy your US dollars in any of Nigeria’s commercial banks.

Before heading out to any of the banks, check out and research the one which sells cheapest.

2. Forex Exchange Platform


If getting dollars from commercial banks does not work out, you can use a reputable forex exchange platform to get and trade dollars. Some of these forex exchange platforms include Travelex, TransferWise, or XE to exchange Naira for US dollars. Before you use these platforms successfully, you will have to register officially with the required documents. It is a good alternative.

3. Peer-to-Peer Exchange


One of the best, and cheapest ways to get dollar is through peer-to-peer dollar exchange. You can look for someone who has dollars around you, bargain, haggle price, and get your dollar. It is a competitive process as you can get another person or someone else if the price doesn’t work out with you. This one is different from the regular black market.

4. Dollar Exchange Shops

These are the official black market businesses who sell dollars to the people as business. They sell at competitive rates sometimes. Although at times, when dollar scarcity is high, they sell at exorbitant rates. You can easily get abs buy dollars from them. However, they are the last people you will get dollars cheap from.

The best and cheapest places and location you can buy dollar very cheap in the black markets in Nigeria are Kano, Kaduna, Jos, Abuja, Lagos, and Onitsha. Cities outside these mentioned locations sell dollars at the black market a little high.



These are the best and cheapest places to get and buy dollars in Nigeria. Nonetheless, it is important to note that exchange rates can fluctuate frequently, so it’s a good idea to monitor the exchange rates regularly and exchange your Naira for US dollars when the rate is favorable. Additionally, be sure to do your research and use reputable and trustworthy exchange platforms to avoid scams or fraud.

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