Russell 2000 ETF (IWM) trades at $302.71, about ₦411,477 per share at today’s rate of ₦1,359/$. Over the past year it has gained 30.9% in dollars, which works out to +16.1% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +2.8% | +1.2% |
| 6 months | +16.6% | +17.3% |
| 1 year | +30.9% | +16.1% |
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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