Alibaba stock trades at $118.90, about ₦158,934 per share at today’s rate of ₦1,337/$. Over the past year it has lost 11.9% in dollars, which works out to -23.3% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | -2.7% | -4.7% |
| 6 months | -17.5% | -18.6% |
| 1 year | -11.9% | -23.3% |
Naira-terms return = share-price return × USD/NGN move. When the naira weakens, dollar assets gain extra value in naira; when it strengthens, the reverse.
Yes. You can buy fractional shares of US stocks from Nigeria through SEC-registered apps like Bamboo, Trove and Risevest, starting from around $10. Read our full guide to buying US stocks from Nigeria →
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