20 Best APIs for Exchange in Nigeria
We've analyzed and compared the top 20 API providers supporting Exchange for Nigerian developers and businesses. Find the right infrastructure fit for your startup below.
Written by Editorial Staffs as at 5th August, 2026
All APIs with Exchange
Bitget API
- Pricing
- Trading fees and institutional API usage fees
- Spot trading API
- Available
- Order management
- Available
- White-label solutions
- Available
- Institutional liquidity tools
- Available
- Crypto Payment Acceptance
- Not available
- Crypto-to-NGN Off-Ramp
- Not available
- NGN-to-Crypto On-Ramp
- Not available
- Multi-Currency Treasury
- Not available
- Stablecoin Holdings
- Not available
- Wallet API
- Not available
- Webhooks
- Not available
- Corporate Card Issuance
- Not available
- Pan-African Corridors
- Not available
- USSD Payments
- Not available
- Card Payment Acceptance
- Not available
- NGN Bank Transfer In (Direct)
- Not available
- Real-time FX rates
- Not available
- Historical rates
- Not available
- Currency conversion
- Not available
- NGN support
- Not available
- Enterprise SLA
- Not available
- Real-time rates
- Not available
- Crypto rates
- Not available
- Spot Trading
- Not available
- Derivatives Trading
- Not available
- Margin Trading
- Not available
- WebSocket Market Streams
- Not available
- CRO Staking Data
- Not available
- NFT Marketplace API
- Not available
- Cronos Chain Integration
- Not available
- Account Management
- Not available
- Sandbox Environment
- Not available
- FIX Protocol (Institutional)
- Not available
- Cryptocurrency Trading
- Not available
- Buy Bitcoin
- Not available
- Buy Ethereum
- Not available
- Buy Ripple
- Not available
- Sell Crypto
- Not available
- Multi-currency Wallets
- Not available
- Market Data
- Not available
- Price Information
- Not available
- Deposit/Withdraw
- Not available
- Bank Transfers
- Not available
- Mobile Money
- Not available
- Order Management
- Not available
- Real-time Quotes
- Not available
- Authentication
- Not available
- Transaction History
- Not available
- Security Features
- Not available
- API Documentation
- Not available
- Real-time Rates (165 currencies)
- Not available
- NGN Support
- Not available
- Historical Data (back to 1990)
- Not available
- Pair Conversion Endpoint
- Not available
- Base Currency Switching
- Not available
- Enriched Data
- Not available
- No-key Open Access
- Not available
- JSON Format
- Not available
- Cryptocurrency Rates
- Not available
- Precious Metals
- Not available
- Historical data
- Not available
- JSON response
- Not available
- Real-time Rates (168 currencies)
- Not available
- Precious Metals (Gold, Silver, Platinum)
- Not available
- Historical Exchange Data
- Not available
- Currency Conversion Endpoint
- Not available
- All Base Currencies (paid plans)
- Not available
- USD Base Currency (free plan)
- Not available
- NGN as Base Currency on Free Plan
- Not available
- Real-time Rates (170+ currencies)
- Not available
- JSON Response Format
- Not available
- REST API with SDKs
- Not available
- Postman Collection
- Not available
- Sandbox Environment (Medium/Large plans)
- Not available
- Free Tier (No Credit Card)
- Not available
- Precious Metals Rates
- Not available
- Parallel Market / Black Market Rates
- Not available
- Latest rates
- Not available
- Time series data
- Not available
- Base currency switching
- Not available
- USD/NGN Rate
- Not available
- 200+ Currencies
- Not available
- Historical Rates (since 2001)
- Not available
- Currency Conversion
- Not available
- Time-series Data
- Not available
- OHLCV Rates
- Not available
- Any Base Currency (paid)
- Not available
- Real-time Updates (paid)
- Not available
- JSON API
- Not available
- Bulk Download
- Not available
- EUR/NGN Rate
- Not available
- GBP/NGN Rate
- Not available
- 180+ Currency Pairs
- Not available
- Historical Rates
- Not available
- Real-time Rates
- Not available
- JSON & XML Responses
- Not available
- Fluctuation Data
- Not available
- API status endpoint
- Not available
- EU VAT Number Validation (VIES)
- Not available
- Current EU VAT Rates
- Not available
- Historical VAT Rates
- Not available
- All 27 EU Member States
- Not available
- Standard and Reduced Rates
- Not available
- No API Key Required
- Not available
- Nigerian VAT (FIRS) Validation
- Not available
- US Sales Tax Rates
- Not available
- Invoice Generation
- Not available
- Official CBN Exchange Rates
- Not available
- Parallel Market (Midmarket) NGN Rates
- Not available
- Black Market NGN Rates
- Not available
- Crypto Rates (Binance, Bybit, etc.)
- Not available
- 40+ Exchange Aggregation
- Not available
- Historical NGN Rate Data
- Not available
- Rate Comparison Across Providers
- Not available
- Free Plan Available
- Not available
- Currency Conversion Widget
- Not available
- Non-NGN Currency Pairs
- Not available
- Crypto Buy/Sell (BTC, ETH, USDT, USDC)
- Not available
- Stablecoin Payment Acceptance
- Not available
- Instant NGN Settlement
- Not available
- Crypto Wallet Integration
- Not available
- Webhooks / Real-time Notifications
- Not available
- Multi-region High Availability
- Not available
- DeFi Protocol Integration (Lisk)
- Not available
- Fiat Card Payments
- Not available
- Bank Transfer Collections
- Not available
- Currency lookup
- Not available
- NGN rates
- Not available
- Daily updates
- Not available
- JSON format
- Not available
- No authentication
- Not available
- Real-time Bid/Ask Rates
- Not available
- WebSocket Streaming
- Not available
- Tick-level Precision
- Not available
- 700+ Currency Pairs
- Not available
- USD/NGN Support
- Not available
- Quota Usage Tracking
- Not available
- Market Open/Close Status
- Not available
- JSON REST API
- Not available
- Multiple Base Currencies
- Not available
- Time-series data
- Not available
- Fluctuation data
- Not available
Busha
- Pricing
- NGN deposit: ₦150 flat. NGN withdrawal: ₦107.50 (VAT inclusive). Crypto withdrawal fees vary by network (e.g., 0.00005 BTC for Bitcoin). No public monthly API fee — contact Busha for enterprise API pricing.
- Spot trading API
- Not available
- Order management
- Not available
- White-label solutions
- Not available
- Institutional liquidity tools
- Not available
- Crypto Payment Acceptance
- Available
- Crypto-to-NGN Off-Ramp
- Available
- NGN-to-Crypto On-Ramp
- Available
- Multi-Currency Treasury
- Available
- Stablecoin Holdings
- Available
- Wallet API
- Available
- Webhooks
- Available
- Corporate Card Issuance
- Available
- Pan-African Corridors
- Available
- USSD Payments
- Not available
- Card Payment Acceptance
- Not available
- NGN Bank Transfer In (Direct)
- Not available
- Real-time FX rates
- Not available
- Historical rates
- Not available
- Currency conversion
- Not available
- NGN support
- Not available
- Enterprise SLA
- Not available
- Real-time rates
- Not available
- Crypto rates
- Not available
- Spot Trading
- Not available
- Derivatives Trading
- Not available
- Margin Trading
- Not available
- WebSocket Market Streams
- Not available
- CRO Staking Data
- Not available
- NFT Marketplace API
- Not available
- Cronos Chain Integration
- Not available
- Account Management
- Not available
- Sandbox Environment
- Not available
- FIX Protocol (Institutional)
- Not available
- Cryptocurrency Trading
- Not available
- Buy Bitcoin
- Not available
- Buy Ethereum
- Not available
- Buy Ripple
- Not available
- Sell Crypto
- Not available
- Multi-currency Wallets
- Not available
- Market Data
- Not available
- Price Information
- Not available
- Deposit/Withdraw
- Not available
- Bank Transfers
- Not available
- Mobile Money
- Not available
- Order Management
- Not available
- Real-time Quotes
- Not available
- Authentication
- Not available
- Transaction History
- Not available
- Security Features
- Not available
- API Documentation
- Not available
- Real-time Rates (165 currencies)
- Not available
- NGN Support
- Not available
- Historical Data (back to 1990)
- Not available
- Pair Conversion Endpoint
- Not available
- Base Currency Switching
- Not available
- Enriched Data
- Not available
- No-key Open Access
- Not available
- JSON Format
- Not available
- Cryptocurrency Rates
- Not available
- Precious Metals
- Not available
- Historical data
- Not available
- JSON response
- Not available
- Real-time Rates (168 currencies)
- Not available
- Precious Metals (Gold, Silver, Platinum)
- Not available
- Historical Exchange Data
- Not available
- Currency Conversion Endpoint
- Not available
- All Base Currencies (paid plans)
- Not available
- USD Base Currency (free plan)
- Not available
- NGN as Base Currency on Free Plan
- Not available
- Real-time Rates (170+ currencies)
- Not available
- JSON Response Format
- Not available
- REST API with SDKs
- Not available
- Postman Collection
- Not available
- Sandbox Environment (Medium/Large plans)
- Not available
- Free Tier (No Credit Card)
- Not available
- Precious Metals Rates
- Not available
- Parallel Market / Black Market Rates
- Not available
- Latest rates
- Not available
- Time series data
- Not available
- Base currency switching
- Not available
- USD/NGN Rate
- Not available
- 200+ Currencies
- Not available
- Historical Rates (since 2001)
- Not available
- Currency Conversion
- Not available
- Time-series Data
- Not available
- OHLCV Rates
- Not available
- Any Base Currency (paid)
- Not available
- Real-time Updates (paid)
- Not available
- JSON API
- Not available
- Bulk Download
- Not available
- EUR/NGN Rate
- Not available
- GBP/NGN Rate
- Not available
- 180+ Currency Pairs
- Not available
- Historical Rates
- Not available
- Real-time Rates
- Not available
- JSON & XML Responses
- Not available
- Fluctuation Data
- Not available
- API status endpoint
- Not available
- EU VAT Number Validation (VIES)
- Not available
- Current EU VAT Rates
- Not available
- Historical VAT Rates
- Not available
- All 27 EU Member States
- Not available
- Standard and Reduced Rates
- Not available
- No API Key Required
- Not available
- Nigerian VAT (FIRS) Validation
- Not available
- US Sales Tax Rates
- Not available
- Invoice Generation
- Not available
- Official CBN Exchange Rates
- Not available
- Parallel Market (Midmarket) NGN Rates
- Not available
- Black Market NGN Rates
- Not available
- Crypto Rates (Binance, Bybit, etc.)
- Not available
- 40+ Exchange Aggregation
- Not available
- Historical NGN Rate Data
- Not available
- Rate Comparison Across Providers
- Not available
- Free Plan Available
- Not available
- Currency Conversion Widget
- Not available
- Non-NGN Currency Pairs
- Not available
- Crypto Buy/Sell (BTC, ETH, USDT, USDC)
- Not available
- Stablecoin Payment Acceptance
- Not available
- Instant NGN Settlement
- Not available
- Crypto Wallet Integration
- Not available
- Webhooks / Real-time Notifications
- Not available
- Multi-region High Availability
- Not available
- DeFi Protocol Integration (Lisk)
- Not available
- Fiat Card Payments
- Not available
- Bank Transfer Collections
- Not available
- Currency lookup
- Not available
- NGN rates
- Not available
- Daily updates
- Not available
- JSON format
- Not available
- No authentication
- Not available
- Real-time Bid/Ask Rates
- Not available
- WebSocket Streaming
- Not available
- Tick-level Precision
- Not available
- 700+ Currency Pairs
- Not available
- USD/NGN Support
- Not available
- Quota Usage Tracking
- Not available
- Market Open/Close Status
- Not available
- JSON REST API
- Not available
- Multiple Base Currencies
- Not available
- Time-series data
- Not available
- Fluctuation data
- Not available
XE Currency Data API
- Pricing
- Paid plans starting from $14/month; enterprise pricing available
- Spot trading API
- Not available
- Order management
- Not available
- White-label solutions
- Not available
- Institutional liquidity tools
- Not available
- Crypto Payment Acceptance
- Not available
- Crypto-to-NGN Off-Ramp
- Not available
- NGN-to-Crypto On-Ramp
- Not available
- Multi-Currency Treasury
- Not available
- Stablecoin Holdings
- Not available
- Wallet API
- Not available
- Webhooks
- Not available
- Corporate Card Issuance
- Not available
- Pan-African Corridors
- Not available
- USSD Payments
- Not available
- Card Payment Acceptance
- Not available
- NGN Bank Transfer In (Direct)
- Not available
- Real-time FX rates
- Available
- Historical rates
- Available
- Currency conversion
- Available
- NGN support
- Available
- Enterprise SLA
- Available
- Real-time rates
- Not available
- Crypto rates
- Not available
- Spot Trading
- Not available
- Derivatives Trading
- Not available
- Margin Trading
- Not available
- WebSocket Market Streams
- Not available
- CRO Staking Data
- Not available
- NFT Marketplace API
- Not available
- Cronos Chain Integration
- Not available
- Account Management
- Not available
- Sandbox Environment
- Not available
- FIX Protocol (Institutional)
- Not available
- Cryptocurrency Trading
- Not available
- Buy Bitcoin
- Not available
- Buy Ethereum
- Not available
- Buy Ripple
- Not available
- Sell Crypto
- Not available
- Multi-currency Wallets
- Not available
- Market Data
- Not available
- Price Information
- Not available
- Deposit/Withdraw
- Not available
- Bank Transfers
- Not available
- Mobile Money
- Not available
- Order Management
- Not available
- Real-time Quotes
- Not available
- Authentication
- Not available
- Transaction History
- Not available
- Security Features
- Not available
- API Documentation
- Not available
- Real-time Rates (165 currencies)
- Not available
- NGN Support
- Not available
- Historical Data (back to 1990)
- Not available
- Pair Conversion Endpoint
- Not available
- Base Currency Switching
- Not available
- Enriched Data
- Not available
- No-key Open Access
- Not available
- JSON Format
- Not available
- Cryptocurrency Rates
- Not available
- Precious Metals
- Not available
- Historical data
- Not available
- JSON response
- Not available
- Real-time Rates (168 currencies)
- Not available
- Precious Metals (Gold, Silver, Platinum)
- Not available
- Historical Exchange Data
- Not available
- Currency Conversion Endpoint
- Not available
- All Base Currencies (paid plans)
- Not available
- USD Base Currency (free plan)
- Not available
- NGN as Base Currency on Free Plan
- Not available
- Real-time Rates (170+ currencies)
- Not available
- JSON Response Format
- Not available
- REST API with SDKs
- Not available
- Postman Collection
- Not available
- Sandbox Environment (Medium/Large plans)
- Not available
- Free Tier (No Credit Card)
- Not available
- Precious Metals Rates
- Not available
- Parallel Market / Black Market Rates
- Not available
- Latest rates
- Not available
- Time series data
- Not available
- Base currency switching
- Not available
- USD/NGN Rate
- Not available
- 200+ Currencies
- Not available
- Historical Rates (since 2001)
- Not available
- Currency Conversion
- Not available
- Time-series Data
- Not available
- OHLCV Rates
- Not available
- Any Base Currency (paid)
- Not available
- Real-time Updates (paid)
- Not available
- JSON API
- Not available
- Bulk Download
- Not available
- EUR/NGN Rate
- Not available
- GBP/NGN Rate
- Not available
- 180+ Currency Pairs
- Not available
- Historical Rates
- Not available
- Real-time Rates
- Not available
- JSON & XML Responses
- Not available
- Fluctuation Data
- Not available
- API status endpoint
- Not available
- EU VAT Number Validation (VIES)
- Not available
- Current EU VAT Rates
- Not available
- Historical VAT Rates
- Not available
- All 27 EU Member States
- Not available
- Standard and Reduced Rates
- Not available
- No API Key Required
- Not available
- Nigerian VAT (FIRS) Validation
- Not available
- US Sales Tax Rates
- Not available
- Invoice Generation
- Not available
- Official CBN Exchange Rates
- Not available
- Parallel Market (Midmarket) NGN Rates
- Not available
- Black Market NGN Rates
- Not available
- Crypto Rates (Binance, Bybit, etc.)
- Not available
- 40+ Exchange Aggregation
- Not available
- Historical NGN Rate Data
- Not available
- Rate Comparison Across Providers
- Not available
- Free Plan Available
- Not available
- Currency Conversion Widget
- Not available
- Non-NGN Currency Pairs
- Not available
- Crypto Buy/Sell (BTC, ETH, USDT, USDC)
- Not available
- Stablecoin Payment Acceptance
- Not available
- Instant NGN Settlement
- Not available
- Crypto Wallet Integration
- Not available
- Webhooks / Real-time Notifications
- Not available
- Multi-region High Availability
- Not available
- DeFi Protocol Integration (Lisk)
- Not available
- Fiat Card Payments
- Not available
- Bank Transfer Collections
- Not available
- Currency lookup
- Not available
- NGN rates
- Not available
- Daily updates
- Not available
- JSON format
- Not available
- No authentication
- Not available
- Real-time Bid/Ask Rates
- Not available
- WebSocket Streaming
- Not available
- Tick-level Precision
- Not available
- 700+ Currency Pairs
- Not available
- USD/NGN Support
- Not available
- Quota Usage Tracking
- Not available
- Market Open/Close Status
- Not available
- JSON REST API
- Not available
- Multiple Base Currencies
- Not available
- Time-series data
- Not available
- Fluctuation data
- Not available
Exchangerate.host
- Pricing
- Free tier available; paid plans for higher usage and additional features
- Spot trading API
- Not available
- Order management
- Not available
- White-label solutions
- Not available
- Institutional liquidity tools
- Not available
- Crypto Payment Acceptance
- Not available
- Crypto-to-NGN Off-Ramp
- Not available
- NGN-to-Crypto On-Ramp
- Not available
- Multi-Currency Treasury
- Not available
- Stablecoin Holdings
- Not available
- Wallet API
- Not available
- Webhooks
- Not available
- Corporate Card Issuance
- Not available
- Pan-African Corridors
- Not available
- USSD Payments
- Not available
- Card Payment Acceptance
- Not available
- NGN Bank Transfer In (Direct)
- Not available
- Real-time FX rates
- Not available
- Historical rates
- Available
- Currency conversion
- Available
- NGN support
- Available
- Enterprise SLA
- Not available
- Real-time rates
- Available
- Crypto rates
- Available
- Spot Trading
- Not available
- Derivatives Trading
- Not available
- Margin Trading
- Not available
- WebSocket Market Streams
- Not available
- CRO Staking Data
- Not available
- NFT Marketplace API
- Not available
- Cronos Chain Integration
- Not available
- Account Management
- Not available
- Sandbox Environment
- Not available
- FIX Protocol (Institutional)
- Not available
- Cryptocurrency Trading
- Not available
- Buy Bitcoin
- Not available
- Buy Ethereum
- Not available
- Buy Ripple
- Not available
- Sell Crypto
- Not available
- Multi-currency Wallets
- Not available
- Market Data
- Not available
- Price Information
- Not available
- Deposit/Withdraw
- Not available
- Bank Transfers
- Not available
- Mobile Money
- Not available
- Order Management
- Not available
- Real-time Quotes
- Not available
- Authentication
- Not available
- Transaction History
- Not available
- Security Features
- Not available
- API Documentation
- Not available
- Real-time Rates (165 currencies)
- Not available
- NGN Support
- Not available
- Historical Data (back to 1990)
- Not available
- Pair Conversion Endpoint
- Not available
- Base Currency Switching
- Not available
- Enriched Data
- Not available
- No-key Open Access
- Not available
- JSON Format
- Not available
- Cryptocurrency Rates
- Not available
- Precious Metals
- Not available
- Historical data
- Not available
- JSON response
- Not available
- Real-time Rates (168 currencies)
- Not available
- Precious Metals (Gold, Silver, Platinum)
- Not available
- Historical Exchange Data
- Not available
- Currency Conversion Endpoint
- Not available
- All Base Currencies (paid plans)
- Not available
- USD Base Currency (free plan)
- Not available
- NGN as Base Currency on Free Plan
- Not available
- Real-time Rates (170+ currencies)
- Not available
- JSON Response Format
- Not available
- REST API with SDKs
- Not available
- Postman Collection
- Not available
- Sandbox Environment (Medium/Large plans)
- Not available
- Free Tier (No Credit Card)
- Not available
- Precious Metals Rates
- Not available
- Parallel Market / Black Market Rates
- Not available
- Latest rates
- Not available
- Time series data
- Not available
- Base currency switching
- Not available
- USD/NGN Rate
- Not available
- 200+ Currencies
- Not available
- Historical Rates (since 2001)
- Not available
- Currency Conversion
- Not available
- Time-series Data
- Not available
- OHLCV Rates
- Not available
- Any Base Currency (paid)
- Not available
- Real-time Updates (paid)
- Not available
- JSON API
- Not available
- Bulk Download
- Not available
- EUR/NGN Rate
- Not available
- GBP/NGN Rate
- Not available
- 180+ Currency Pairs
- Not available
- Historical Rates
- Not available
- Real-time Rates
- Not available
- JSON & XML Responses
- Not available
- Fluctuation Data
- Not available
- API status endpoint
- Not available
- EU VAT Number Validation (VIES)
- Not available
- Current EU VAT Rates
- Not available
- Historical VAT Rates
- Not available
- All 27 EU Member States
- Not available
- Standard and Reduced Rates
- Not available
- No API Key Required
- Not available
- Nigerian VAT (FIRS) Validation
- Not available
- US Sales Tax Rates
- Not available
- Invoice Generation
- Not available
- Official CBN Exchange Rates
- Not available
- Parallel Market (Midmarket) NGN Rates
- Not available
- Black Market NGN Rates
- Not available
- Crypto Rates (Binance, Bybit, etc.)
- Not available
- 40+ Exchange Aggregation
- Not available
- Historical NGN Rate Data
- Not available
- Rate Comparison Across Providers
- Not available
- Free Plan Available
- Not available
- Currency Conversion Widget
- Not available
- Non-NGN Currency Pairs
- Not available
- Crypto Buy/Sell (BTC, ETH, USDT, USDC)
- Not available
- Stablecoin Payment Acceptance
- Not available
- Instant NGN Settlement
- Not available
- Crypto Wallet Integration
- Not available
- Webhooks / Real-time Notifications
- Not available
- Multi-region High Availability
- Not available
- DeFi Protocol Integration (Lisk)
- Not available
- Fiat Card Payments
- Not available
- Bank Transfer Collections
- Not available
- Currency lookup
- Not available
- NGN rates
- Not available
- Daily updates
- Not available
- JSON format
- Not available
- No authentication
- Not available
- Real-time Bid/Ask Rates
- Not available
- WebSocket Streaming
- Not available
- Tick-level Precision
- Not available
- 700+ Currency Pairs
- Not available
- USD/NGN Support
- Not available
- Quota Usage Tracking
- Not available
- Market Open/Close Status
- Not available
- JSON REST API
- Not available
- Multiple Base Currencies
- Not available
- Time-series data
- Not available
- Fluctuation data
- Not available
Crypto.com API
- Pricing
- Free API access. Trading fees: 0.075% maker, 0.075% taker (reduced with CRO staking). No API subscription cost.
- Spot trading API
- Not available
- Order management
- Not available
- White-label solutions
- Not available
- Institutional liquidity tools
- Not available
- Crypto Payment Acceptance
- Not available
- Crypto-to-NGN Off-Ramp
- Not available
- NGN-to-Crypto On-Ramp
- Not available
- Multi-Currency Treasury
- Not available
- Stablecoin Holdings
- Not available
- Wallet API
- Not available
- Webhooks
- Not available
- Corporate Card Issuance
- Not available
- Pan-African Corridors
- Not available
- USSD Payments
- Not available
- Card Payment Acceptance
- Not available
- NGN Bank Transfer In (Direct)
- Not available
- Real-time FX rates
- Not available
- Historical rates
- Not available
- Currency conversion
- Not available
- NGN support
- Not available
- Enterprise SLA
- Not available
- Real-time rates
- Not available
- Crypto rates
- Not available
- Spot Trading
- Available
- Derivatives Trading
- Available
- Margin Trading
- Available
- WebSocket Market Streams
- Available
- CRO Staking Data
- Available
- NFT Marketplace API
- Available
- Cronos Chain Integration
- Available
- Account Management
- Available
- Sandbox Environment
- Available
- FIX Protocol (Institutional)
- Available
- Cryptocurrency Trading
- Not available
- Buy Bitcoin
- Not available
- Buy Ethereum
- Not available
- Buy Ripple
- Not available
- Sell Crypto
- Not available
- Multi-currency Wallets
- Not available
- Market Data
- Not available
- Price Information
- Not available
- Deposit/Withdraw
- Not available
- Bank Transfers
- Not available
- Mobile Money
- Not available
- Order Management
- Not available
- Real-time Quotes
- Not available
- Authentication
- Not available
- Transaction History
- Not available
- Security Features
- Not available
- API Documentation
- Not available
- Real-time Rates (165 currencies)
- Not available
- NGN Support
- Not available
- Historical Data (back to 1990)
- Not available
- Pair Conversion Endpoint
- Not available
- Base Currency Switching
- Not available
- Enriched Data
- Not available
- No-key Open Access
- Not available
- JSON Format
- Not available
- Cryptocurrency Rates
- Not available
- Precious Metals
- Not available
- Historical data
- Not available
- JSON response
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- Real-time Rates (168 currencies)
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- Precious Metals (Gold, Silver, Platinum)
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- Historical Exchange Data
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- Currency Conversion Endpoint
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- All Base Currencies (paid plans)
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- USD Base Currency (free plan)
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- NGN as Base Currency on Free Plan
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- Real-time Rates (170+ currencies)
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- JSON Response Format
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- REST API with SDKs
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- Postman Collection
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- Sandbox Environment (Medium/Large plans)
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- Free Tier (No Credit Card)
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- Precious Metals Rates
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- Parallel Market / Black Market Rates
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- Latest rates
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- Time series data
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- Base currency switching
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- USD/NGN Rate
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- 200+ Currencies
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- Historical Rates (since 2001)
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- Currency Conversion
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- Time-series Data
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- OHLCV Rates
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- Any Base Currency (paid)
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- Real-time Updates (paid)
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- JSON API
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- Bulk Download
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- EUR/NGN Rate
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- GBP/NGN Rate
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- 180+ Currency Pairs
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- Historical Rates
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- Real-time Rates
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- JSON & XML Responses
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- Fluctuation Data
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- API status endpoint
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- EU VAT Number Validation (VIES)
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- Current EU VAT Rates
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- Historical VAT Rates
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- All 27 EU Member States
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- Standard and Reduced Rates
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- No API Key Required
- Not available
- Nigerian VAT (FIRS) Validation
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- US Sales Tax Rates
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- Invoice Generation
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- Official CBN Exchange Rates
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- Parallel Market (Midmarket) NGN Rates
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- Black Market NGN Rates
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- Crypto Rates (Binance, Bybit, etc.)
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- 40+ Exchange Aggregation
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- Historical NGN Rate Data
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- Rate Comparison Across Providers
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- Free Plan Available
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- Currency Conversion Widget
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- Non-NGN Currency Pairs
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- Crypto Buy/Sell (BTC, ETH, USDT, USDC)
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- Stablecoin Payment Acceptance
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- Instant NGN Settlement
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- Crypto Wallet Integration
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- Webhooks / Real-time Notifications
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- Multi-region High Availability
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- DeFi Protocol Integration (Lisk)
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- Fiat Card Payments
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- Bank Transfer Collections
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- Currency lookup
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- NGN rates
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- Daily updates
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- JSON format
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- No authentication
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- Real-time Bid/Ask Rates
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- WebSocket Streaming
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- Tick-level Precision
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- 700+ Currency Pairs
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- USD/NGN Support
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- Quota Usage Tracking
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- Market Open/Close Status
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- JSON REST API
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- Multiple Base Currencies
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← Swipe to compare all 5 APIs →
Bitget API
Global cryptocurrency exchange with institutional-grade APIs and liquidity tools. Bitget provides comprehensive trading APIs, white-label solutions, and institutional features for fintechs and businesses wanting to integrate crypto trading. Strong platform for building crypto trading applications and investment platforms.
Busha
Busha is Nigeria's first SEC-licensed digital asset platform offering crypto infrastructure for businesses and developers across Africa. The company operates two distinct API products: the Commerce API for accepting crypto payments, and the Business API for building comprehensive crypto wallets, on/off-ramps, and treasury management tools. Busha supports seven African currency corridors including NGN (Nigeria), KES (Kenya), GHS (Ghana), UGX (Uganda), TZS (Tanzania), XOF (West Africa CFA franc), and RWF (Rwanda) — making it one of the broadest multi-corridor crypto APIs on the continent. What the API Does The Busha Commerce API enables businesses to accept crypto payments from customers and settle proceeds to their accounts. It supports crypto deposits, currency conversion, and payouts via a RESTful interface. The Business API goes further — supporting full wallet management, on-ramp (fiat to crypto), off-ramp (crypto to fiat), and multi-currency treasury operations. Busha also offers stablecoin holdings as an inflation hedge tool and corporate card issuance for expense management. How Developers Use It Developers access the Commerce API documentation at developers.commerce.busha.co and the Business API at docs.busha.io. Authentication is via API keys — specifically the X-BC-API-KEY header for Commerce API requests. Keys are obtained from the Settings > API Keys section of the Busha dashboard. The API follows REST conventions with JSON payloads over HTTPS. A sandbox environment is available for testing before going live. Pricing Fiat transactions in Nigeria: NGN 150 flat deposit fee; NGN 107.50 withdrawal fee (inclusive of 7.5% VAT). Crypto withdrawal fees vary by network (e.g., 0.00005 BTC for Bitcoin withdrawals). No public monthly API subscription fee — enterprise Business API access requires contacting Busha directly. Authentication Commerce API uses the X-BC-API-KEY header. Keys can be either a secret key or a public key depending on the operation. Secret keys are used for server-side operations; public keys for client-side. Compliance Busha holds a license from the Nigerian Securities and Exchange Commission (SEC), making it the first digital asset operator licensed by the SEC in Nigeria. This is a major compliance advantage for businesses that need to work with a regulated crypto platform. The company complies with Nigerian AML/KYC requirements and requires KYC verification for all business partners. Challenges and Gotchas (1) Commerce API and Business API are separate products with separate documentation — do not confuse them. (2) Rate limits are not publicly documented — high-volume integrations should confirm limits with Busha directly. (3) Fiat settlement is to NGN bank accounts only for Nigeria — no direct USD wire. (4) Enterprise Business API access may require more extensive onboarding than Commerce API. (5) Crypto volatility between deposit and conversion can affect settlement amounts if using non-stablecoins. Company Background Busha was founded in Nigeria and is headquartered in Lagos. The company began as a consumer crypto exchange and expanded into B2B crypto infrastructure, becoming the first platform to obtain an SEC digital asset operating licence in Nigeria. Busha targets both consumer users and business clients, with a growing enterprise segment offering treasury and payment APIs. FAQs Q: Is Busha regulated in Nigeria? A: Yes. Busha is Nigeria's first SEC-licensed digital asset platform, providing strong regulatory assurance for business partners. Q: What is the difference between Commerce API and Business API? A: Commerce API is for accepting crypto payments from customers. Business API provides full wallet, on/off-ramp, and treasury infrastructure for building your own crypto-enabled products. Q: Is there a sandbox for testing? A: Yes. Busha provides a sandbox environment for development and testing before production. Q: Can I use Busha to pay suppliers in Kenya from Nigeria? A: Yes. Busha supports cross-corridor settlements between NGN, KES, GHS, and other African currencies via crypto-backed rails. Q: What cryptocurrencies are supported? A: Bitcoin, Ethereum, USDT, USDC, BNB, Solana, and other major assets are supported across multiple blockchain networks.
XE Currency Data API
XE Currency Data API delivers enterprise-grade foreign exchange rate data from XE, the world most trusted currency authority with over 300 million users globally. XE has been publishing currency data since 1993 and has built its reputation on the accuracy and reliability of its mid-market exchange rates. The XE Currency Data API extends this trusted rate data to developers and enterprises who need audit-grade FX information for financial systems, banking applications, ERP platforms, and compliance reporting. XE mid-market rates represent the midpoint between buy and sell prices in the global forex market, sourced from aggregated quotes across the global interbank market. These mid-market rates serve as the internationally recognized reference point for currency conversions in financial reporting, audit, and compliance contexts. Many Nigerian financial institutions, accounting firms, and corporate treasury teams use XE rates specifically because XE is recognized as a credible, independent source that satisfies auditor and regulator expectations for rate substantiation. The Nigerian Naira is fully supported across all XE Currency Data endpoints. Given the Naira's significant volatility in recent years and the importance of accurate NGN rates for Nigerian businesses with international operations, XE's multi-source rate aggregation methodology provides better rate accuracy than single-source alternatives. Nigerian importers, exporters, and companies with foreign currency debt obligations particularly benefit from rate data that accurately captures current market conditions. Real-time rate delivery ensures that XE Currency Data always reflects the current state of global forex markets. Rates are updated continuously throughout the trading day as market prices move. For Nigerian payment processors, money transfer operators, and foreign exchange bureaux integrating XE rates into customer-facing pricing, the currency rate freshness directly affects the quality of the rates presented to customers and the accuracy of the margins being applied. Historical rate data is available going back many years, enabling retrospective financial calculations and reporting. Nigerian companies preparing financial statements under IFRS, which requires foreign currency transactions to be recorded at transaction-date exchange rates, can use XE historical rates to retrieve the rate that applied on any specific past date. This historical accuracy is critical for audit compliance where the company must be able to substantiate the exchange rates used in financial reporting. The convert endpoint performs currency conversions using XE rates, accepting source currency, target currency, and amount. For applications where only the converted amount is needed rather than the underlying rate, this endpoint simplifies implementation. The API also supports retrieving rate information for a specific list of currency pairs rather than the full currency matrix, optimizing bandwidth for applications with defined currency requirements. XE Currency Data integrates with the full XE product ecosystem. Customers using XE for business money transfers can ensure their operational systems and their FX data layer are using consistent, source-consistent rates. For Nigerian companies that use XE for international payments alongside their own applications, this alignment eliminates discrepancies between system-calculated rates and actual transfer rates. The API is offered through paid subscription plans starting at accessible monthly rates for smaller usage volumes and scaling to enterprise contracts for high-volume financial applications. All plans include access to XE's trusted mid-market rates, historical data, and support from XE's team. Nigerian enterprises with specific data requirements or integration support needs can access dedicated account management through enterprise plans. The REST API uses API key authentication with JSON responses. Comprehensive documentation, SDKs for popular programming languages, and integration guides make implementation straightforward for Nigerian development teams building currency-aware financial applications across banking, fintech, trade finance, and ERP integration contexts.
Exchangerate.host
Exchangerate.host is a free and freemium currency exchange rates API providing real-time and historical FX data for over 170 currencies including the Nigerian Naira, backed by multiple financial data sources and offering exceptional coverage breadth that spans traditional fiat currencies, precious metals, and cryptocurrency prices in a single unified API service. The API is particularly well regarded in the developer community for its generous free tier, which historically offered unlimited requests without rate limits. For Nigerian developers building applications with high currency conversion volumes — such as fintech platforms, e-commerce stores serving both local and international customers, or analytics dashboards showing FX trends — the ability to access live rates without per-query costs represents significant economic value, especially during the prototype and early growth phases where revenue is not yet sufficient to justify paid data subscriptions. The real-time rates endpoint fetches the latest exchange rates for all supported currencies relative to a specified base currency. Rates are updated multiple times daily from the aggregated financial market data providers that power the service. Nigerian applications displaying live Naira exchange rates against USD, EUR, GBP, and other currencies can rely on Exchangerate.host for current rate data that accurately reflects prevailing market conditions. Historical data access extends back years, enabling trend analysis and retrospective financial calculations. For Nigerian businesses reconciling multi-currency accounts, calculating the historical Naira value of foreign currency assets and transactions, or analyzing how the Naira has performed against trading partner currencies during specific economic periods, historical rate lookups are an essential feature. The API supports specifying any past date to retrieve the exchange rates that were in effect on that day. Cryptocurrency rate coverage sets Exchangerate.host apart from traditional fiat-only currency APIs. The API includes prices for Bitcoin, Ethereum, and hundreds of other cryptocurrencies converted to fiat currencies, enabling developers to display crypto-to-Naira conversions or integrate crypto pricing into the same FX data layer used for traditional currencies. For Nigerian fintech applications serving both traditional banking customers and crypto-aware users, consolidating fiat and crypto rates through a single API simplifies integration significantly. Precious metals prices are included alongside fiat and crypto rates. Gold, silver, platinum, and palladium prices are expressed in terms of currency units per troy ounce, enabling applications to display commodity prices alongside currency rates. For Nigerian investors tracking gold prices as an inflation hedge or investment tool, having gold prices available through the same API used for FX data is a convenient consolidation. Currency conversion is supported through a dedicated convert endpoint accepting source currency, target currency, and amount. This endpoint handles the calculation server-side, returning the converted amount and the rate applied. For applications that only need the conversion result rather than the underlying rate data, this endpoint minimizes response parsing complexity. Nigerian e-commerce platforms serving both the domestic market and the Nigerian diaspora in the UK, US, and Europe can use Exchangerate.host to display accurate Naira pricing to local customers while showing equivalent foreign currency prices to international visitors. Real-time rates ensure pricing remains accurate as the Naira exchange rate fluctuates, protecting businesses from pricing mismatches caused by stale rates. The API authenticates through an API key for the paid plans. The JSON response format is consistent and clearly documented with example requests available for all major programming languages. Paid plans unlock higher rate update frequencies, more historical data, and premium support, providing a clear upgrade path as applications grow from prototype to production scale.
Crypto.com API
Crypto.com Exchange API provides programmatic access to one of the world's top-10 cryptocurrency exchanges, offering REST and WebSocket APIs for spot trading, derivatives, margin trading, staking data, and NFT marketplace interaction. Crypto.com is known for its deep integration between exchange services, a native blockchain (Cronos/CRO chain), and a comprehensive consumer product ecosystem including the Crypto.com App, Visa card, and NFT marketplace. For Nigerian developers and traders, the Exchange API provides access to all of these services programmatically, and Nigerian users can register on Crypto.com without reported geo-blocking. Nigeria's crypto trading community includes an active segment of users who hold and stake CRO tokens, attracted by the Crypto.com Visa card and staking rewards program. These users benefit from tools that give them more visibility and automation over their staking positions, trading activity, and NFT holdings than the standard app provides. The Crypto.com Exchange API enables building these custom tools — from automated trading systems to staking analytics dashboards to NFT floor price monitors. The Exchange API distinguishes between the Crypto.com Exchange (the institutional and advanced trading platform at exchange.crypto.com) and the Crypto.com App (the retail consumer platform). The API documented here refers to the Exchange. Both platforms share user accounts, but the API capabilities — including algorithmic trading, order book access, and WebSocket streams — are features of the Exchange platform. Market data endpoints return current prices, 24-hour statistics, order book depth up to 50 levels, and recent trades for all trading pairs. The REST API structure follows standard exchange conventions: GET endpoints for market data (no auth required), POST endpoints for trading and account operations (authentication required). Public market data is freely accessible, making it suitable for Nigerian price monitoring and comparison applications. Spot trading through the API supports market, limit, and stop orders for all listed pairs. The Exchange lists hundreds of trading pairs including BTC/USDT, ETH/USDT, CRO/USDT, and many altcoin pairs. Order placement, cancellation, and status checking follow standard patterns. The private API uses HMAC-SHA256 request signing with a nonce (millisecond timestamp) to prevent replay attacks. Derivatives trading on Crypto.com Exchange includes perpetual futures and quarterly futures for major cryptocurrencies, with leverage up to 100x for eligible accounts. The derivatives API follows similar patterns to the spot API but operates on the futures position and margin account. Nigerian traders using futures for hedging or speculation can manage their positions programmatically. The CRO staking data endpoints are particularly relevant for Nigerian users who hold CRO to access Crypto.com Visa card tier benefits or earn staking rewards. The API returns current staking positions, accumulated rewards, and unlock schedules — data that a Nigerian staking dashboard can display to help users track their passive income from CRO staking. NFT marketplace API access provides data on listed NFTs, recent sales, collection statistics, and bid activity on the Crypto.com NFT platform. Nigerian digital art collectors and creators who use the Crypto.com NFT marketplace can build custom alerting and analytics tools around this data. WebSocket channels deliver real-time data: ticker updates, order book changes, trade feeds, and user-specific order/trade notifications. The subscription-based WebSocket architecture is standard for high-frequency trading systems. A sandbox environment at uat-api.3ona.co is available for testing integrations without real funds, with simulated balances and trading capability.
Luno API
Popular global cryptocurrency exchange with strong presence across Africa including Nigeria. Luno provides trading APIs, market data endpoints, and wallet integrations for developers. Good for applications needing crypto trading capabilities and market data integration. Supports both beginner and advanced traders.
ExchangeRate-API
ExchangeRate-API is one of the most developer-friendly and widely-used currency exchange rate APIs available globally. Founded to provide reliable, accurate, and affordable foreign exchange data, the platform delivers real-time and historical exchange rates for 165 currencies across 200 countries — including the Nigerian Naira (NGN) — through a clean, well-documented RESTful API. It is particularly popular among Nigerian developers building fintech apps, e-commerce platforms, and financial tools that require accurate NGN conversion rates against major world currencies. **What ExchangeRate-API Does** The API provides two primary services: real-time exchange rates and historical rate data. The standard endpoint returns the latest exchange rates for all 165 supported currencies relative to a chosen base currency. The pair conversion endpoint returns the conversion rate between any two specific currencies. The enriched data endpoint includes additional localization information such as currency symbols, decimal separators, and locale-specific formatting — useful for building polished financial UIs. **Nigeria Support** NGN (Nigerian Naira) is fully supported as both a base and target currency. Nigerian developers can fetch the current USD/NGN, EUR/NGN, GBP/NGN rates in a single API call, or query any cross rate between NGN and any of the other 164 supported currencies. This makes ExchangeRate-API suitable for any Nigerian application that displays, converts, or tracks exchange rates. **Historical Data** ExchangeRate-API provides access to historical exchange rate data going back to 1990 — available on all plans including the free tier. This is a rare feature among free exchange rate APIs and makes the platform valuable for building Naira devaluation charts, historical FX analysis tools, and financial reports requiring period-specific exchange rates. **Authentication** The API uses API key authentication. Keys are issued immediately upon free sign-up with just an email address — no credit card required. The key is appended to every request URL as a query parameter. For developers who want to test without even signing up, ExchangeRate-API also offers a no-key open access endpoint that returns exchange rates without authentication, though at a lower rate limit. **Pricing Plans** ExchangeRate-API offers three tiers: - **Free**: $0/month — 1,500 requests/month, daily rate updates, no credit card required - **Pro**: $10/month ($100/year) — 30,000 requests/month, hourly rate updates - **Business**: $30/month ($300/year) — 125,000 requests/month, rate updates every 5 minutes, priority support All plans include historical data, enriched data, high availability, and a long-term support (LTS) commitment — meaning the API will not break without advance notice of deprecation. **Rate Limits** Rate limits are enforced on a monthly basis. The quota consumed is tracked and the remaining allowance is provided in response headers. When the monthly quota is exhausted, the API returns HTTP 429 (Too Many Requests). After 20 minutes without requests, rate-limited open-access (no-key) IPs are automatically unblocked. **No Sandbox (Test with Free Tier)** ExchangeRate-API does not provide a dedicated sandbox environment. Testing is done using the free tier itself — since the free tier requires no credit card and provides 1,500 real API calls per month, this is typically sufficient for development and integration testing. **Use Cases for Nigerian Developers** ExchangeRate-API is appropriate for any Nigerian project that needs exchange rate data as a data source rather than as a core payment processing feature. It does not process transactions — it only provides rate data. Common Nigerian use cases include: displaying live NGN rates on remittance platforms, powering multi-currency invoice tools, building Naira rate trackers, and auto-converting product prices in NGN to USD/EUR for international storefronts. **Important Limitation for Nigeria** ExchangeRate-API provides mid-market exchange rates sourced from financial data providers. These rates are the "official" interbank rates, not the parallel market (black market) NGN rate that often differs significantly in Nigeria. For apps that need to track or display the Nigerian parallel market rate, Monierate is a more appropriate data source. ExchangeRate-API's NGN rates reflect the official CBN/interbank rate. **Challenges** The free tier's daily update frequency means the rate data can be up to 24 hours stale — not suitable for high-frequency trading or real-time FX conversion in production payment flows. For production fintech use where real-time accuracy matters, the Pro plan ($10/month) with hourly updates is the minimum recommended tier. **Frequently Asked Questions** Q: Do I need a credit card to start? A: No. The free plan requires only an email address. Q: Does ExchangeRate-API support NGN? A: Yes. NGN is one of 165 supported currencies. Q: How current are the rates on the free plan? A: Updated once per day. For hourly updates, upgrade to Pro ($10/month). Q: Does it provide black market / parallel market NGN rates? A: No. Only official mid-market rates. Use Monierate for Nigerian parallel market rates. Q: Can I use this for live payment processing in production? A: For rate display yes, but not for actual transaction processing — this is a data API, not a payment gateway.
CurrencyScoop
CurrencyScoop is a foreign exchange data API that provides developers with real-time and historical exchange rate data for over 168 currencies worldwide, including the Nigerian Naira. Built for fintech developers, e-commerce platforms, and financial applications, CurrencyScoop delivers accurate, up-to-date rates through a simple RESTful API with clear documentation and reliable uptime. The API provides several core endpoints suited to different integration scenarios. The latest rates endpoint returns current exchange rates for all supported currencies relative to a specified base currency, updated throughout the trading day to reflect market movements. This endpoint is the foundation for currency conversion features in payment processors, e-commerce storefronts, and financial calculators. The convert endpoint accepts an amount and currency pair and returns the converted value directly, simplifying client-side implementation for applications that only need conversion functionality rather than rate tables. Historical rates represent one of CurrencyScoop's strongest features. Developers can query exchange rates for any past date going back years, enabling applications that need to calculate the Naira value of historical transactions, compare current rates against past periods, or build time-series visualizations of currency movements. Nigerian accounting and invoicing platforms can use historical rates to accurately record the Naira value of foreign currency transactions at the time they occurred. The time-series endpoint enables querying rates across a date range, returning a day-by-day series of exchange rates. This powers trend charts and analytics features showing how the Naira has moved against major trading currencies like the USD, EUR, GBP, and CNY over weeks, months, or years. For Nigerian financial analysts and import businesses tracking their currency exposure, these trend charts provide valuable context for hedging and procurement timing decisions. Nigerian Naira is fully supported across all CurrencyScoop endpoints, reflecting the service's coverage of all globally traded and many exotic currencies. For Nigerian payment companies, remittance platforms, and e-commerce businesses serving both local and international customers, having accurate NGN rates is non-negotiable. CurrencyScoop sources rates from financial data providers that cover African currencies, ensuring NGN rates reflect current market conditions rather than stale approximations. For e-commerce platforms serving Nigerian consumers who prefer to see prices in familiar Naira terms, CurrencyScoop enables real-time price conversion from USD or EUR product prices to NGN. Given the volatility of the Naira exchange rate in recent years, real-time rates are significantly more accurate than rates hardcoded into the application. This ensures customers always see accurate Naira prices that reflect actual conversion rates they would experience at checkout. Remittance and international money transfer platforms operating in Nigeria use currency APIs like CurrencyScoop to display indicative exchange rates and calculate how much Naira a recipient will receive for a given foreign currency amount. Transparency in exchange rate display is increasingly important for Nigerian remittance customers who compare services based on the rates and fees displayed before initiating a transfer. The API is available through a freemium model with a free plan offering enough requests for development and low-traffic applications. Paid plans scale with request volume to accommodate production applications handling thousands of conversions daily. All plans include access to the same data quality and endpoints; higher tiers simply remove request limits and unlock faster support response times. Integration is designed to be developer-friendly with straightforward authentication using an API key included in request headers or query parameters. The JSON response format is consistent across endpoints, and the documentation includes examples in multiple programming languages. Nigerian developers can typically integrate CurrencyScoop into an existing application in under an hour, making it one of the fastest paths to reliable FX data.
CurrencyLayer
CurrencyLayer is one of the most widely-used and long-established exchange rate APIs in the world, providing real-time and historical foreign exchange data for 168 currencies and precious metals. Now owned and operated by APILayer — a platform aggregating developer APIs across multiple categories — CurrencyLayer benefits from enterprise-grade infrastructure, high availability, and a large developer community built up over years of operation. Nigerian Naira (NGN) is fully supported as both a source and target currency. **What CurrencyLayer Does** CurrencyLayer delivers exchange rate data sourced from banks and commercial data providers, providing accurate mid-market rates for 168 world currencies alongside precious metals including gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD). The API supports real-time rate queries, historical rate lookups for any past date, and currency conversion calculations. All responses are delivered in JSON format via simple HTTPS GET requests. **Nigeria Support** NGN (Nigerian Naira) is one of 168 supported currencies. On paid plans (Basic and above), NGN can be used as the base currency — allowing Nigerian apps to fetch NGN-denominated rates for all other currencies in a single call. On the free plan, the base currency is locked to USD (developers can still get NGN rates but must calculate conversions from the USD base). **Authentication** API access requires an API key, which is appended to all request URLs as the access_key query parameter (e.g., ?access_key=YOUR_KEY). API keys are issued immediately upon free signup at currencylayer.com. The service uses HTTPS for all requests to protect key confidentiality. **Pricing Plans** CurrencyLayer offers five tiers: - **Free**: 100 API calls/month, USD base currency only, hourly update frequency - **Basic**: $13.99/month — 10,000 calls/month, all 168 base currencies, conversion endpoint - **Professional**: $52.99/month — 100,000 calls/month, 10-minute rate updates - **Professional Plus**: $84.99/month — 500,000 calls/month, 60-second rate updates - **Enterprise**: Custom pricing for very high volume requirements The critical limitation of the free plan is the USD-only base currency restriction. Nigerian developers who need NGN as a base currency (e.g., to display NGN/USD rather than USD/NGN) must upgrade to at least the Basic plan ($13.99/month). **Update Frequency** Like ExchangeRate-API and other tiered providers, CurrencyLayer's rate freshness scales with plan: - Free and Basic: Updated every 60 minutes - Professional: Updated every 10 minutes - Professional Plus: Updated every 60 seconds For production Nigerian fintech applications requiring near real-time accuracy, the Professional Plus plan's 60-second updates are appropriate. **Historical Data** Historical exchange rate data is available on paid plans, enabling developers to query the exact NGN exchange rate on any specific past date. This is critical for Nigerian businesses that need to record foreign-currency transactions at the exchange rate prevailing on the transaction date — a requirement under IFRS accounting standards used by many Nigerian companies. **Precious Metals** CurrencyLayer is one of the few exchange rate APIs that includes gold and silver prices in its currency list. Gold (XAU) and silver (XAG) prices are returned in the same API response as fiat currencies, making CurrencyLayer useful for Nigerian commodity investment platforms and jewellery businesses that need to track both precious metal values and NGN FX rates. **APILayer Ecosystem** As part of the APILayer product suite, CurrencyLayer users can manage their API key, view usage analytics, and access support through the APILayer dashboard. APILayer also offers complementary APIs (VAT rates, IP geolocation, etc.) that can be purchased and managed in the same account — convenient for developers building multi-feature financial applications. **Important Limitation for Nigeria** CurrencyLayer provides official mid-market exchange rates from banks and data providers. It does not provide Nigerian parallel market (black market) or Bureau de Change rates. In periods of significant Naira volatility or divergence between official and parallel rates, CurrencyLayer rates may not reflect what Nigerian consumers or informal businesses actually transact at. For parallel market tracking, use Monierate. **Comparison with ExchangeRate-API** CurrencyLayer is older and more widely deployed but has a more restrictive free tier (100 calls vs. 1,500 calls on ExchangeRate-API). The Basic plan at $13.99/month is more expensive than ExchangeRate-API Pro at $10/month for comparable features. CurrencyLayer's advantage is the inclusion of precious metals and the APILayer ecosystem. Choose CurrencyLayer if precious metals rates or APILayer ecosystem integration matter; choose ExchangeRate-API for a more generous free tier and lower entry-level paid pricing. **Frequently Asked Questions** Q: Can I use NGN as a base currency on the free plan? A: No. The free plan is locked to USD as the base currency. Upgrade to Basic ($13.99/month) for NGN base currency support. Q: Does CurrencyLayer include gold prices? A: Yes. Gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD) are included in the 168-currency response. Q: How do I authenticate API requests? A: Append your API key as access_key=[YOUR_KEY] in the request URL query string. Q: Is there a sandbox for testing? A: No dedicated sandbox — testing uses the live API with free tier credentials. Q: Who owns CurrencyLayer? A: CurrencyLayer is owned by APILayer, a platform aggregating developer-focused APIs.
Currencyapi
Currencyapi.com is a modern, developer-first currency conversion API that provides real-time and historical exchange rate data for over 170 fiat currencies and major cryptocurrencies. Built for developers who need accurate, fast, and reliable FX data with a clean developer experience, Currencyapi.com stands out for combining both traditional fiat currencies (including Nigerian Naira, NGN) and cryptocurrency rates in a single unified API endpoint — a rare feature that reduces the number of integrations needed for multi-asset financial applications. **What Currencyapi.com Does** The API delivers exchange rate data in two primary modes: real-time rates (updated as frequently as every 30 seconds on the highest tier) and historical rates (available on paid plans). All responses are in JSON format. The API is RESTful and authentication uses an API key, which can be passed as a Bearer token in the Authorization header or as a query parameter. A Postman collection and SDKs in multiple programming languages are available to accelerate integration. **Nigeria Support (NGN)** Nigerian Naira (NGN) is fully supported as both a base and target currency. Nigerian developers can fetch the current rate of NGN against any of the 170+ supported currencies, convert NGN amounts to USD or EUR, or pull historical NGN rates for accounting and reporting purposes. **Cryptocurrencies + Fiat in One Call** Unlike most exchange rate APIs that handle only fiat currencies, Currencyapi.com includes major cryptocurrency rates (Bitcoin, Ethereum, and other prominent tokens) alongside fiat currencies in the same API response. This makes it particularly useful for Nigerian crypto/fintech hybrid applications that need to display both NGN fiat values and crypto asset values without calling separate APIs. **Pricing Plans** - **Free**: $0/month — 300 requests/month, daily updates, 1 API key, personal use only - **Small**: $9.99/month — 15,000 requests/month, hourly updates, 1 API key, commercial use - **Medium**: $39.99/month — 600,000 requests/month, 60-second updates, 2 API keys, sandbox access - **Large**: $79.99/month — 1.7 million requests/month, 30-second updates, 5 API keys, sandbox access The free tier (300 req/month) is suitable for prototyping and small personal projects. Commercial applications should use at minimum the Small plan ($9.99/month). Production applications needing near real-time rates require the Medium or Large plan. **Sandbox Environment** A dedicated sandbox environment is available on the Medium ($39.99/month) and Large ($79.99/month) plans. This allows developers to test API integrations, simulate responses, and validate error-handling scenarios without consuming live API quota. The sandbox is not available on the Free or Small plans. **Rate Limits & Quotas** Rate limits are enforced per calendar month. Quotas are tracked in API response headers. Once the monthly quota is exhausted, additional requests return an error response until the quota resets at the start of the next month. **Update Frequency** Exchange rate freshness is tied to plan tier: - Free: Updated once per day - Small: Updated every hour - Medium: Updated every 60 seconds - Large: Updated every 30 seconds For production Nigerian fintech applications that need accurate live rates (e.g., payment conversions, live rate displays), the Medium plan's 60-second update cycle is typically sufficient. **Historical Data** Historical exchange rate data is available on paid plans — allowing developers to query the NGN exchange rate on any specific past date. This is essential for accounting applications, audit trail generation, and period-specific financial reporting. **Developer Experience** Currencyapi.com provides a Postman collection for immediate API exploration, SDKs in multiple languages to accelerate integration, and clear documentation at currencyapi.com/docs. The API follows standard REST conventions, making it straightforward to integrate into any backend stack. **Important Limitation** Like most global exchange rate APIs, Currencyapi.com provides official mid-market exchange rates, not Nigerian parallel market (black market) or Bureau de Change rates. For Nigerian parallel market rates, use a Nigeria-specific source like Monierate. The official rates may diverge significantly from street rates during periods of high Naira volatility. **Frequently Asked Questions** Q: Can I use Currencyapi.com for free in production? A: The free plan allows 300 requests/month for personal use only. For commercial production use, the Small plan ($9.99/month) with 15,000 requests is the minimum. Q: Does Currencyapi.com support NGN? A: Yes. NGN is one of 170+ supported currencies. Q: Does it include cryptocurrency prices? A: Yes. Major cryptocurrencies (BTC, ETH, and others) are included alongside fiat currencies in the same API endpoint. Q: Is there a sandbox for testing? A: Yes, but only on Medium ($39.99/month) and Large ($79.99/month) plans. Free and Small plan users test against the live API. Q: Does it provide Nigerian black market rates? A: No. Only official mid-market rates. Use Monierate for Nigerian parallel market data.
Frankfurter
Frankfurter is a free, open-source currency exchange rates API built on top of official European Central Bank reference exchange rate data. The project delivers ECB foreign exchange rates through a clean, modern REST API with no registration requirement, no API key, and no rate limits documented — offering a completely frictionless entry point for developers who need reliable currency conversion data powered by one of the world most authoritative central bank rate sources. The European Central Bank publishes official reference exchange rates for 32 currencies against the Euro on each business day at approximately 16:00 CET. These reference rates are computed from the aggregate of market rates reported by financial institutions across the eurozone, making them the official benchmark for euro currency conversions in European financial reporting and compliance contexts. Frankfurter exposes these ECB rates through a straightforward REST API that makes accessing them as simple as an HTTP GET request. The latest rates endpoint returns the most recently published ECB exchange rate set for all supported currencies relative to any specified base currency. By default, rates are base EUR, but any supported currency can be used as the base by specifying it in the request parameter. This flexibility allows applications to retrieve NGN/USD, EUR/GBP, or any other combination without client-side conversion math. The response is a clean JSON object with ISO 4217 currency codes as keys and decimal rate values. Historical rates are accessible for any date from January 4, 1999, when the ECB began publishing its reference rates, through the present. This exceptional historical depth of over 25 years of official ECB rates supports the most demanding historical analysis use cases. Nigerian financial researchers studying the long-term trajectory of major currencies, academics modeling currency relationships, or developers building historical FX analysis tools for Nigerian businesses with international exposure can query any specific date or date range within this extensive archive. Time series queries retrieve exchange rates across a date range in a single request, returning a day-by-day array of rate sets between the start and end dates. This is more efficient than making individual date queries for each day in a range and enables building currency trend charts, calculating moving averages, or analyzing rate volatility across specific periods of interest. A currency conversion endpoint simplifies the most common use case by accepting an amount, source currency, and target currency and returning the converted amount directly. This eliminates client-side conversion logic for applications where only the final converted value is needed. It is important to note that Frankfurter covers 32 currencies, and the Nigerian Naira is not among them. The ECB reference rate set covers major traded currencies primarily from developed markets. For applications specifically needing NGN exchange rates, a dedicated currency API with NGN support would be more appropriate. However, for Nigerian businesses primarily working with EUR, USD, GBP, CHF, JPY, and other major ECB-covered currencies, Frankfurter provides official-quality rate data at zero cost. The open-source nature of Frankfurter means the complete server-side codebase is publicly available. Organizations requiring guaranteed availability, data sovereignty, or control over the rate data pipeline can self-host Frankfurter on their own infrastructure, fetching directly from the ECB and serving through their own API endpoint. This self-hosting option is particularly relevant for Nigerian financial institutions subject to regulatory requirements about external data dependencies. For Nigerian developers building personal finance tools, business productivity applications, or learning projects involving international currency handling, Frankfurter offers immediate, zero-cost access to authoritative exchange rate data that is suitable for display and educational purposes without the overhead of account management.
Open Exchange Rates
Open Exchange Rates is one of the most widely deployed foreign exchange rate APIs in the world, used by thousands of applications ranging from e-commerce platforms and accounting software to fintech apps and content management systems. The service provides clean, reliable JSON exchange rate data for over 200 currencies, with rates updated hourly on the free tier and in real time on paid plans. Historical data going back to 2001 is available for all supported currencies, making it one of the deepest historical forex datasets accessible through a simple API. For Nigerian developers building currency-aware applications, Open Exchange Rates provides dependable NGN rate data alongside every other major world currency. Nigeria's currency situation makes exchange rate data critically important for application developers. The Nigerian Naira (NGN) has experienced significant depreciation against the US Dollar and other hard currencies over the past decade, driven by oil price volatility, foreign exchange policy changes, and structural economic factors. Nigerian applications that deal with foreign currencies — e-commerce platforms, accounting tools, remittance services, salary calculation apps for multinational employees, and investment platforms — all need accurate, regularly updated exchange rate data to function correctly. The /latest.json endpoint is the most commonly used endpoint, returning current exchange rates for all 200+ currencies from the specified base currency. On the free plan, only USD is available as the base currency — meaning all rates are expressed as units of currency per 1 USD. The USD/NGN rate is available on the free plan. For Nigerian applications that need NGN as the base currency (showing how much USD, EUR, or GBP costs in naira terms), the Starter plan ($12/month) enables any base currency. For most Nigerian applications, the USD-base approach with client-side inversion is functionally equivalent. Historical rates are available via /historical/{YYYY-MM-DD}.json, returning exchange rates as they were on any past date. This capability is essential for Nigerian accounting software and ERP systems that need to record foreign currency transactions at the exchange rate on the transaction date — a requirement under International Financial Reporting Standards (IFRS) and a common requirement in Nigerian corporate accounting practice. With rates available back to 2001, Nigerian finance teams can reconstruct historical exchange rate data for any period their records cover. The /convert endpoint performs currency conversion: specify an amount, a from-currency, and a to-currency, and receive the converted amount at the current rate. For Nigerian e-commerce platforms that display product prices in multiple currencies, this endpoint handles the arithmetic server-side without the developer needing to fetch rates and calculate manually. The /time-series endpoint returns exchange rate data over a date range, ideal for building trend charts and calculating average rates over periods. A Nigerian corporate treasurer tracking the average USD/NGN rate over each quarter, or a Nigerian researcher analyzing the correlation between naira depreciation and inflation, can use time-series data directly without downloading and processing historical files. Open Exchange Rates also provides OHLCV (open, high, low, close, volume) daily rate data for currency pairs — useful for Nigerian forex analytics tools that need to display candlestick charts or calculate volatility metrics for currency pairs. The free plan provides 1,000 API requests per month with hourly rate updates — sufficient for a low-traffic application or prototype. The Starter plan ($12/month) provides 10,000 requests per month, unlocks any base currency, and removes the USD-only restriction. The Production plan ($97/month) provides real-time rate updates and 100,000 requests per month, appropriate for high-traffic Nigerian fintech applications. All plans use a simple app_id API key parameter with no request signing, making integration extremely quick.
FxRatesAPI
FxRatesAPI is a foreign exchange rate data provider offering real-time, historical, and time-series exchange rate data for over 180 currencies through a clean REST API. The service aggregates rates from multiple financial data sources and delivers accurate exchange rates for currency conversion, price display, accounting, and financial analytics applications. For Nigerian developers and businesses building applications that deal with multiple currencies — which describes the majority of Nigerian fintech, e-commerce, and accounting software — FxRatesAPI provides reliable NGN currency data alongside all major global currencies. Nigeria's position as Africa's largest economy means that currency exchange rates are not just a technical feature — they are a core business concern. The USD/NGN exchange rate directly affects the cost of imported goods displayed on Nigerian e-commerce platforms, the naira value of remittances sent from Nigerians in the diaspora, the financial reporting of Nigerian companies with foreign currency revenues, and the investment decisions of Nigerians holding foreign currency assets. An accurate, current USD/NGN rate, updated at least daily, is a fundamental requirement for dozens of categories of Nigerian applications. The /latest endpoint returns current exchange rates for all 180+ supported currencies from a specified base currency. To get the current USD/NGN rate, a Nigerian application calls the endpoint with base=USD and receives the NGN rate in the response. The same call returns rates for EUR, GBP, JPY, and every other supported currency simultaneously — making it straightforward to build multi-currency displays that show prices in multiple currencies at once. The /convert endpoint handles currency conversion arithmetic — pass the amount, the source currency, and the target currency, and FxRatesAPI returns the converted amount at the current rate. For Nigerian e-commerce platforms that need to convert a product price from USD to NGN for display, this eliminates client-side conversion code and ensures the rate used is always current. Historical exchange rate data is available via the /historical endpoint, returning rates for any past date. This is critical for Nigerian accounting and ERP applications that need to record transactions at the exchange rate on the transaction date — a requirement for Nigerian financial reporting that must comply with both IFRS standards and FIRS (Federal Inland Revenue Service) guidelines on foreign currency transactions. The /timeseries endpoint returns exchange rate data over a range of dates with daily resolution, enabling trend analysis and charting. For Nigerian currency analytics tools, this data powers time-series charts showing the USD/NGN rate history — valuable context for Nigerians trying to understand naira depreciation trends and optimize their currency holding decisions. Fluctuation data via the /fluctuation endpoint shows the change in exchange rates over a specified period — useful for Nigerian fintech apps that want to display "the naira weakened 2.3% against the dollar this week" type of contextual information alongside current rates. The free plan provides 1,500 requests per month with daily rate resolution — sufficient for low-traffic applications where real-time rates are not critical. For applications needing hourly or minute-level rate updates (forex comparison tools, live price displays on high-traffic Nigerian e-commerce sites), the Basic plan at $9.99/month provides up to 100,000 requests and hourly resolution. The Professional plan at $29.99/month provides minute-level resolution and up to 1 million requests per month — appropriate for Nigerian fintech applications with significant user traffic. All endpoints accept a simple api_key query parameter with no request signing required, making FxRatesAPI one of the quickest currency data integrations available for Nigerian developers. Responses are JSON by default with XML available as an alternative format.
CurrencyFreaks
CurrencyFreaks is a foreign exchange rate API providing real-time and historical currency data for over 150 global currencies, with particular value for Nigerian developers and businesses needing reliable Naira exchange rate data. The service aggregates rates from multiple financial data sources to deliver accurate mid-market rates with consistent uptime, making it a dependable choice for fintech applications, payment systems, and currency-aware business software. The API delivers current exchange rates across all supported currency pairs, with rates refreshed regularly throughout the trading day to track market movements. For applications where currency rate freshness matters — such as payment processing, order pricing, or customer-facing currency displays — CurrencyFreaks provides the up-to-date data needed to reflect actual market conditions rather than stale approximations. The Nigerian Naira is among the supported currencies, ensuring NGN/USD, NGN/EUR, NGN/GBP, and other critical Naira pairs are available for Nigerian applications. Historical exchange rate data is available from 2000 onwards, giving developers access to over two decades of FX rate history. This extensive archive is valuable for multiple use cases: financial modeling that requires long-term currency trend analysis, accounting systems that need to reconstruct historical transaction values at the exchange rates prevailing at the time of each transaction, and research applications analyzing the relationship between currency movements and economic events in Nigeria and globally. The historical depth is particularly significant for Nigerian context. The Naira has experienced several major devaluation episodes since 2000, including the 2016 exchange rate liberalization, the 2023 unification of official and parallel market rates, and subsequent volatility. Applications built for Nigerian financial analysis, research, or compliance can access the complete historical rate record through CurrencyFreaks to accurately model and document the impact of these exchange rate changes on business performance or asset values. Currency conversion is directly supported through a dedicated convert endpoint. Rather than retrieving raw rates and performing conversion on the client side, applications can submit a source currency, target currency, and amount and receive back the converted value. This simplifies integration for applications where only conversion functionality is needed, such as product pricing widgets, invoice currency selectors, or quick calculator features. For Nigerian e-commerce platforms running multicurrency storefronts, CurrencyFreaks enables automatic price adjustment in multiple currencies based on live rates. When a Nigerian business displays prices in USD for international customers or in GBP for diaspora buyers, using live rates ensures the foreign currency price accurately reflects the current Naira equivalent, protecting the business from pricing errors due to rate movements. Remittance service providers and mobile money platforms operating in Nigeria rely on accurate FX data to calculate and display the Naira amount recipients will receive. Compliance and transparency requirements in the Nigerian financial services sector mean that displayed rates must be accurate and traceable. CurrencyFreaks provides the rate data foundation while applications handle the display and audit trail requirements. The API uses simple API key authentication included in request query parameters or headers. The JSON response format is clean and consistent, with currency codes following ISO 4217 standards for interoperability. The free plan provides 1,000 monthly requests — sufficient for development, testing, and low-traffic applications — while paid plans scale up request limits to accommodate production workloads. Nigerian developers benefit from a straightforward onboarding process requiring only email registration to obtain a working API key.
VATComply.com
VATComply is a completely free, open REST API for EU VAT compliance — providing current VAT rates for all 27 European Union member states and real-time EU VAT number validation via the official VIES (VAT Information Exchange System). No API key is required, no registration is needed, and there is no cost to use it. It is a particularly valuable tool for Nigerian businesses and developers who sell digital products or physical goods to European customers and need to handle EU tax obligations correctly. **What VATComply Does** VATComply provides two primary data services: **1. EU VAT Rates** Returns the current standard and reduced VAT rates for any EU member state. Different EU countries apply significantly different VAT rates. For example: - Germany: 19% standard, 7% reduced - France: 20% standard, 5.5% and 2.1% reduced - Hungary: 27% standard (highest in EU) - Luxembourg: 17% standard (lowest in EU) - Ireland: 23% standard, 13.5% reduced A single API call returns the complete rate structure for any country by ISO code. The historical rates endpoint returns VAT rates that were in effect on any given date — useful for auditing past invoices. **2. EU VAT Number Validation (VIES)** Validates whether an EU VAT number is genuine and active by querying the VIES database maintained by the European Commission. This is critical for B2B invoicing: when a Nigerian company sells to an EU business, the EU business provides its VAT number to receive a zero-rated invoice (reverse charge). If the VAT number is invalid, the Nigerian supplier may be liable for VAT themselves. VIES validation returns: - Whether the VAT number is valid and active - The business name associated with the VAT registration - The registered business address - The country of registration **How Developers Use VATComply** No authentication is required. Make a simple GET request: For VAT rates by country: GET https://api.vatcomply.com/rates?base=EUR For a specific country (Nigeria to EU): GET https://api.vatcomply.com/rates?country_code=DE For VIES VAT number validation: GET https://api.vatcomply.com/vat?vat_number=DE123456789 The response is a standard JSON object. Integration typically takes less than 30 minutes and requires no SDK. **Nigerian Business Context** Nigerian technology companies and businesses increasingly sell to European customers through several channels: - **SaaS platforms**: Nigerian tech startups selling software subscriptions to EU enterprises - **Digital products**: Developers selling apps, tools, templates, or digital downloads to European users - **Consulting/freelancing**: Nigerian developers and agencies invoicing EU clients - **Physical exports**: Manufactured goods, agricultural products, artisanal items exported to Europe In all these scenarios, EU VAT regulations apply. Since 2021, the EU's VAT on Digital Services (VADS) rules require non-EU businesses that exceed €10,000 in EU digital sales annually to register for VAT in the EU (via the OSS — One Stop Shop — scheme) and collect VAT from EU consumers. VATComply helps Nigerian businesses: 1. Determine the correct VAT rate for each EU customer's country at checkout 2. Validate EU VAT numbers provided by EU business customers to apply zero-rating 3. Maintain historical rate records for audit purposes 4. Automate the rate lookup so prices display correctly in EU-targeted storefronts **EU VAT Rates for Nigerian SaaS Companies** A Nigerian SaaS company with European customers faces a common scenario: a customer in Germany pays €100 for a subscription. The Nigerian company must: 1. Confirm whether the German customer is a business (has a valid EU VAT number) or an individual consumer 2. If a business (B2B): validate the VAT number with VIES, apply reverse charge (0% VAT), issue a zero-rated invoice mentioning "Reverse Charge" and the customer's VAT number 3. If an individual (B2C): charge German VAT at 19% on top of the €100 price VATComply automates steps 1 and 3 with a single API call. **VIES Validation for Zero-Rated B2B Invoicing** When Nigerian exporters or service providers invoice EU businesses, they must hold evidence that the customer is a registered EU business. VIES validation provides this evidence. Best practice: 1. At checkout or invoice generation, query VATComply with the customer's EU VAT number 2. Store the validation result (business name, address, timestamp) with the invoice record 3. If validation fails, do not apply zero-rating — charge VAT at the customer's local rate This creates a defensible audit trail in case of an EU tax authority inquiry. **Historical VAT Rates** VATComply's historical rates endpoint is useful for: - Amending past invoices with the correct rate that was in effect at the time - Tax return preparation covering multiple periods - Compliance audits requiring documentation of rates applied in prior years **Pricing and Rate Limits** VATComply is completely free. No pricing tiers, no API key, no account required. There are no documented rate limits for normal business usage, though extremely high-frequency automated calls may be throttled. For rate lookups (which rarely change and can be cached), a single daily refresh is sufficient. For VIES validation (which requires a live call per customer), the volume of real customer transactions is typically well within acceptable limits. **Compliance Considerations** VATComply queries the live VIES system operated by the European Commission. VIES itself can experience downtime or delays — if validation fails due to VIES being unavailable (not due to an invalid VAT number), the API will return an error. Production applications should handle VIES downtime gracefully, either retrying or falling back to manual validation. VATComply does NOT cover: - Nigerian VAT (FIRS is the Nigerian tax authority; use FIRS APIs or TaxPro Max for Nigerian VAT) - US sales tax (use TaxJar or Avalara) - UK VAT (post-Brexit UK is not in the EU VIES system) - VAT for non-EU countries **Company Background** VATComply is a developer-maintained open API project. The codebase is publicly available and the service is provided as a public good for developers who need EU VAT data without the overhead of integrating paid commercial tax APIs. It sources its rates data from official EU publication channels and VIES for real-time validation. **Alternatives** Commercial alternatives include Avalara (expensive, enterprise-focused), TaxJar (US-focused), and Stripe Tax (integrated into Stripe billing). For Nigerian companies already using Stripe, Stripe Tax automatically handles EU VAT calculation. VATComply's advantage is being completely free and requiring no account setup — ideal for bootstrapped Nigerian startups entering the EU market for the first time. VATComply is a must-have free tool for any Nigerian developer or business dealing with European customers, enabling correct EU tax compliance with minimal integration effort.
Monierate
Monierate is a Nigerian-built exchange rate aggregation platform and API that solves a uniquely Nigerian problem: the existence of multiple, often dramatically different, NGN exchange rate markets operating simultaneously. Unlike global exchange rate APIs (ExchangeRate-API, CurrencyLayer, Currencyapi) that only provide official mid-market rates, Monierate tracks and aggregates three distinct types of Nigerian Naira exchange rates — Official CBN rates, Midmarket rates, and Black Market (parallel market) rates — from over 40 Nigerian exchanges, Bureau de Change operators, banks, and cryptocurrency platforms. This multi-source, multi-market approach makes Monierate the most Nigeria-relevant exchange rate data source available, and the only API on the market specifically designed around the reality of Nigeria's dual exchange rate system. **Why Nigeria Needs a Dedicated FX API** Nigeria's foreign exchange market is uniquely complex. For extended periods, the country has operated a dual exchange rate system where the official CBN rate differs significantly from the rate available in the parallel market (also called the "black market" or "street rate"). This gap has at times exceeded 50–100% — meaning a developer using an international exchange rate API that only provides the official rate would be presenting rates that Nigerian consumers and informal businesses do not actually transact at. For Nigerian fintech apps, remittance platforms, crypto exchanges, and financial media that serve real users in Nigeria, the parallel market rate is often more relevant than the official rate. Monierate is built specifically to address this gap. **What Monierate Provides** The Monierate API aggregates NGN exchange rate data from 40+ sources and provides: 1. **Official CBN Rates**: The Central Bank of Nigeria's official exchange rates — the rate used for official transactions, government imports, and regulated financial institutions. 2. **Midmarket Rates**: The average market rate between buy and sell prices across major providers — a middle-ground figure useful for general currency conversion displays. 3. **Parallel Market (Black Market) Rates**: The street rates available through Bureau de Change operators and informal channels — reflecting what Nigerian individuals and businesses actually transact at when official channels are unavailable or uncompetitive. 4. **Crypto Exchange Rates**: NGN prices from major crypto exchanges including Binance and Bybit — enabling apps to display Bitcoin, Ethereum, and USDT values in Naira at current exchange platform rates. **40+ Source Aggregation** Monierate continuously monitors exchange rates from over 40 Nigerian and international providers including: CBN (Central Bank), commercial banks, Bureau de Change operators, crypto exchanges (Binance, Bybit), remittance services, and financial platforms. This aggregation gives developers access to rate comparison data across providers — not just a single rate but a full market picture. **API Authentication & Access** Monierate requires an account signup to access the API, even on the free plan. Account creation is done at monierate.com/api and requires only an email address — no KYC or business verification. An API key is issued upon signup. Developers pass this key in their API requests to authenticate. **Pricing** Monierate offers a free plan with standard rate limits suitable for development and low-traffic applications. Paid plans with higher rate limits are available for production-scale usage. Specific pricing tiers and request volumes require account registration to view. Rate limiting is enforced at the plan level, not per request. **Use Cases in Nigerian Context** Monierate is the data source of choice for any Nigerian application where accuracy of the real-world exchange rate matters: - Remittance comparison tools showing which service gives the best NGN rate - P2P crypto platforms displaying USDT/NGN and BTC/NGN rates - Financial news sites embedding live Naira rate widgets - Treasury management tools monitoring official vs. parallel rate spreads - Travel apps showing travelers what to expect at Lagos Bureau de Change desks - Import/export businesses calculating true FX costs beyond official rates **Comparison with Global FX APIs** While ExchangeRate-API, CurrencyLayer, and Currencyapi provide official mid-market NGN rates that may be accurate for international financial reporting, they are insufficient for building consumer-facing Nigerian financial apps where users experience the parallel market daily. Monierate fills this gap by providing the data that represents how Nigerian users actually experience exchange rates. **Company Background** Monierate was built by Nigerian developers to solve the local FX data problem. The platform operates as both a consumer-facing website (monierate.com) where Nigerians can track live rates and compare providers, and as an API service for developers who want to embed those rates into their own applications. **Frequently Asked Questions** Q: What makes Monierate different from ExchangeRate-API? A: Monierate provides Nigerian parallel market and black market NGN rates — which no global exchange rate API includes. ExchangeRate-API only provides official mid-market rates. Q: Do I need to pay to use the Monierate API? A: A free plan is available with email signup. Paid plans provide higher rate limits for production use. Q: Does Monierate support non-NGN currency pairs? A: Monierate is focused on Nigerian Naira (NGN) exchange rates. For multi-currency pairs not involving NGN, use a global exchange rate API. Q: Does it include crypto rates? A: Yes. Monierate tracks NGN prices on Binance, Bybit, and other crypto exchanges. Q: How many sources does Monierate aggregate? A: Over 40 Nigerian exchanges, BDCs, banks, crypto platforms, and remittance services.
Quidax
Quidax is Nigeria's first Securities and Exchange Commission (SEC)-licensed cryptocurrency exchange, founded in 2018 by Buchi Okoro. The SEC provisional license, obtained in 2024, authorizes Quidax to operate as a Digital Assets Exchange — allowing it to collaborate with Nigerian banks and financial institutions, and offer institutional-grade API access to businesses building crypto-enabled products. Quidax has further deepened its infrastructure play by partnering with Lisk, an Ethereum Layer-2 blockchain optimized for Africa, to build DeFi rails connecting Quidax's NGN liquidity with on-chain applications. The Quidax Developer API (developer.quidax.com) is designed for businesses — not just retail traders — who want to embed cryptocurrency services into their products. The API enables fintechs, e-commerce platforms, and financial applications to integrate crypto buying, selling, holding, and payment acceptance without building exchange infrastructure from scratch. Quidax boasts a 99.8% uptime SLA backed by multi-region infrastructure, making it suitable for production-grade business integrations. Authentication is via Bearer Token (API Key) obtained from the Quidax account dashboard. Requests are made over HTTPS with JSON payloads. Quidax provides webhook notifications for transaction events including order fills, deposits, and withdrawals. One of the most commercially interesting features for Nigerian developers is stablecoin payment acceptance. Businesses can configure Quidax to accept USDT (Tether) or USDC (USD Coin) from customers and automatically receive NGN settlement in their business account. This eliminates the need for merchants to manage cryptocurrency volatility while offering customers the option to pay with stablecoins — a payment rail popular with Nigerian diaspora and crypto-native consumers. Quidax supports multiple digital assets including Bitcoin (BTC), Ethereum (ETH), USDT, USDC, and other tokens listed on the exchange. The crypto trading API allows platforms to execute market and limit orders, query order books, access price feeds, manage wallets, and retrieve transaction history programmatically. The Lisk partnership announced in 2026 opens Quidax's liquidity to DeFi protocols on the Lisk network. Developers building DeFi applications on Lisk can access Quidax's Nigerian NGN/crypto liquidity pools — creating Africa's first DeFi infrastructure with Nigerian naira integration. This positions Quidax at the intersection of centralized exchange liquidity and DeFi composability. From a regulatory standpoint, Quidax's SEC Digital Assets Exchange license is the most comprehensive crypto regulatory approval in Nigeria. The SEC license permits institutional partnerships with banks, which is not available to unlicensed crypto platforms. This creates significant competitive advantages for developers building crypto products that require banking integration or institutional KYC. All users and businesses accessing the Quidax API must complete KYC verification as required by the Nigerian SEC and SCUML (Special Control Unit Against Money Laundering). For businesses embedding Quidax APIs, compliance documentation for the business entity is required during onboarding. Known challenges: The Quidax API is more focused on exchange functionality than payment gateway use cases. For pure payment acceptance without crypto trading, developers may find the API overhead higher than using stablecoin-native payment APIs. Additionally, the regulatory landscape for crypto in Nigeria continues to evolve, which may affect permitted use cases. Frequently Asked Questions: Is Quidax the only SEC-licensed crypto exchange in Nigeria? Quidax was the first to receive the provisional SEC Digital Assets Exchange license in Nigeria (2024). Other exchanges are applying for licenses under the same framework. Can I use Quidax to accept Bitcoin payments on my website? Yes — but Quidax also provides stablecoin (USDT/USDC) payment acceptance which protects merchants from Bitcoin price volatility while still accepting crypto. Does Quidax support NGN withdrawal to bank accounts? Yes — businesses receive NGN settlement to their Nigerian bank accounts for accepted crypto payments.
Currency-api
Currency-api is a free, open-source currency exchange rates API that provides daily exchange rate data for over 160 currencies with absolutely no authentication, registration, or API key required. Maintained as a community project and hosted on GitHub, the API serves as a zero-friction starting point for developers who need basic currency conversion capabilities without the overhead of account creation, key management, or usage billing. The API works by fetching exchange rate data from public financial sources and exposing it through simple, predictable REST endpoints. To retrieve the current rate between any two currencies, developers simply make an HTTP GET request to the endpoint with the base currency code and target currency code. The response is a clean JSON object containing the exchange rate, making it immediately usable in web, mobile, and server-side applications with minimal parsing overhead. Historical rates are accessible by specifying a date in the request URL, allowing developers to retrieve the exchange rate that was in effect on any past date. This backward-looking capability is important for applications that process historical financial data — accounting tools that record the Naira value of foreign currency transactions on the date they occurred, analytics platforms that analyze currency trends over time, or audit systems that need to reconstruct historical valuations. The Nigerian Naira is supported alongside all other major and many minor global currencies. For Nigerian developers building their first currency-aware feature — perhaps adding a price converter to a personal project, building a simple FX calculator, or creating a proof-of-concept for a fintech application — Currency-api removes every barrier to entry. There are no API keys to request, no credit card to enter, no signup forms to complete. The API simply works. For professional and production applications, the lack of an SLA and the absence of rate limit documentation means Currency-api is most suitable as a development tool or for low-traffic applications where occasional downtime would not cause serious harm. Nigerian startups building MVPs and prototypes benefit from being able to test currency features without committing to a paid service, then migrating to a more robust commercial API when the application reaches production scale. The open-source nature of Currency-api means that developers who need guaranteed uptime can self-host the entire infrastructure. The project repository on GitHub includes all code needed to run the data collection and API serving components, giving technically capable Nigerian teams the option to deploy their own instance on cloud infrastructure they control. This eliminates dependency on a third-party service and removes concerns about rate limits or service discontinuation for mission-critical applications. Because no API key is required, Currency-api is particularly useful in educational settings. Nigerian university courses covering web development, fintech application building, and API integration can use Currency-api as a teaching example without requiring students to create accounts or manage credentials. The simplicity of the API makes it an ideal first REST API integration exercise for coding bootcamp students and self-taught developers across Nigeria. The API is accessed via simple GET requests with currency codes as path parameters. Responses follow a consistent JSON structure across all endpoints, making it easy to understand and integrate quickly. The GitHub project README provides clear documentation with example requests covering all supported use cases. For Nigerian freelancers and independent developers building client projects where budget constraints are a real consideration, Currency-api provides genuine production value for simple currency display features without any ongoing cost. Combined with a caching layer on the application side to avoid excessive requests to the free service, Currency-api can power reliable currency displays for Nigerian websites and apps serving audiences that need to see prices in multiple currencies.
1Forge
1Forge is a forex data API that specializes in real-time tick-level currency exchange rates with bid/ask spread data and WebSocket streaming. Unlike basic exchange rate APIs that provide a single mid-rate updated daily or hourly, 1Forge provides the actual bid and ask prices as quoted in the interbank forex market — the same spread-aware pricing that forex brokers and trading platforms use. For Nigerian fintech applications and trading platforms that need to display forex rates with the precision and real-time responsiveness of a live trading environment, 1Forge is one of the most appropriate forex data providers available. Nigeria's forex market is significant and multifaceted. The Central Bank of Nigeria (CBN) sets official exchange rates, while unofficial and parallel market rates often differ substantially. Nigerian forex trading platforms, remittance services, bureau de change operators, and cross-border payment companies all need access to real-time international interbank forex rates as a benchmark — both for pricing and for compliance purposes. 1Forge provides interbank-sourced rates for over 700 currency pairs, including USD/NGN, EUR/NGN, GBP/NGN, and all major cross-currency pairs relevant to Nigerian businesses. The /quotes endpoint is the core data endpoint, returning current bid and ask prices for specified currency pairs. The bid price is what a buyer will pay (the lower price), and the ask price is what a seller receives (the higher price). The spread — the difference between bid and ask — represents market liquidity and transaction cost. For Nigerian forex trading platforms displaying rates to retail traders, providing bid/ask data rather than just a mid-rate gives a more honest representation of the actual cost of a currency transaction. The /convert endpoint accepts an amount, a from-currency, and a to-currency, returning the converted amount at the current rate. This is the simplest integration point for Nigerian applications that need currency conversion — e-commerce platforms displaying prices in multiple currencies, invoice tools converting NGN amounts to USD equivalents, or payment apps showing users the expected exchange at checkout. WebSocket streaming is 1Forge's premium feature for applications requiring continuous real-time rate updates. Instead of polling the REST API every few seconds, the WebSocket connection delivers push notifications whenever a price changes — enabling rate displays that update in real time without polling overhead. For Nigerian live forex rate tickers, remittance cost calculators that show real-time rate changes, and trading platform price feeds, WebSocket streaming provides a significantly better user experience than polling. The /market_status endpoint indicates whether the forex market is currently open or closed. The global forex market operates 24 hours a day on weekdays, but is closed on weekends. For Nigerian applications that display forex rates or accept forex transactions, knowing whether the market is currently active is important context — rates during market hours are live and rapidly changing, while weekend rates may be stale from Friday's close. The free plan provides 1,000 requests per day but limits access to 8 currency pairs — sufficient for prototyping and applications focused on a small number of specific pairs. The Developer plan at $39/month expands to 5,000 requests per day and full pair coverage. The Professional plan at $79/month provides 20,000 requests per day, suitable for higher-traffic Nigerian fintech applications. Enterprise pricing is available for high-frequency or high-volume use cases. 1Forge's API key authentication is straightforward — no request signing required, just include the api_key parameter in REST requests or the WebSocket connection URL. This simplicity makes integration quick for Nigerian developers, with most integrations completable in a few hours of development time.
Fixer.io
Fixer.io is one of the most widely used foreign exchange rate APIs in the developer community, providing real-time and historical exchange rate data for over 170 currencies with a track record of reliability that has made it a trusted foundation for thousands of commercial financial applications globally. Built and maintained by APilayer, Fixer.io has evolved from a simple ECB rate proxy into a comprehensive FX data service aggregating rates from financial data providers with global coverage. The API provides a latest rates endpoint that returns current exchange rates for all supported currencies against a specified base currency. On the free plan, EUR is the only available base currency — reflecting Fixer.io's origins as an ECB rate service — but paid plans unlock any currency as base including the Nigerian Naira, US Dollar, British Pound, and all other supported currencies. For Nigerian applications where showing Naira as the base currency matters for user experience, upgrading to a paid plan enables NGN-based rate tables that are immediately intuitive to Nigerian users. Historical rates are accessible through a date parameter that retrieves the exchange rates that were in effect on any past date. Fixer.io maintains an extensive historical database covering many years of past rates, enabling applications to reconstruct the Naira exchange rate history, calculate the cost of historical foreign currency transactions, or build trend analysis features. Nigerian accountants and financial controllers preparing comparative financial statements need accurate historical rates for the periods being compared, and Fixer.io provides this data reliably. The time-series endpoint enables querying exchange rates across a date range, returning rates for each day between the start and end dates in a single API response. This time-series data powers trend charts, moving average calculations, and volatility analysis. For Nigerian financial professionals analyzing currency trends to inform hedging decisions or procurement timing, time-series data provides the raw material for meaningful analysis without requiring day-by-day API queries. The fluctuation endpoint is a unique Fixer.io feature that returns the change in exchange rates between two dates, expressing both absolute change and percentage change for each currency. For Nigerian import businesses monitoring how the Naira has moved against supplier currencies over a given period, the fluctuation endpoint provides a direct comparison without requiring the client application to calculate differences from raw rate data. Currency conversion is directly supported through a dedicated convert endpoint that accepts source and target currency codes and an amount, returning the converted value calculated at current rates. This endpoint streamlines implementation for applications where only the final converted amount is needed rather than access to the underlying rate data. Fixer.io is available through a freemium model where the free plan provides access to the core functionality with EUR as the only base currency. Professional plans unlock additional base currencies including NGN, increase request frequency, and enable access to historical data, time-series, and fluctuation endpoints. The pricing is transparent and competitive with comparable FX data services, making it accessible for Nigerian fintech startups at various stages of growth. Nigerian payment processors, fintech platforms, accounting software vendors, and e-commerce developers have deployed Fixer.io as the exchange rate data backbone for their products. The API's extensive documentation, code samples in multiple languages, and the large developer community means that integration questions have usually already been answered in forums and documentation. API key authentication with straightforward query parameters and consistent JSON responses makes Fixer.io one of the fastest currency APIs to integrate into new Nigerian applications.