Gold ETF (GLD) trades at $426.69, about ₦573,710 per share at today’s rate of ₦1,345/$. Over the past year it has gained 37.7% in dollars, which works out to +20.5% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +14.7% | +12.8% |
| 6 months | -10.1% | -10.0% |
| 1 year | +37.7% | +20.5% |
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 →