Gold ETF (GLD) trades at $408.89, about ₦546,563 per share at today’s rate of ₦1,337/$. Over the past year it has gained 28.6% in dollars, which works out to +11.9% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +10.1% | +7.9% |
| 6 months | -15.5% | -16.6% |
| 1 year | +28.6% | +11.9% |
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 →