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Membership

Immerse yourself in the well rounded experience that comes with being a part of the CIBN legacy.

Membership Overview

The members of the Institute are equipped with the requisite tools that are needed for them to excel in the dynamic environment of global finance. There are opportunities for people with various skill sets and knowledge levels to learn and grow at their own pace. The members of the Institute are divided into two main branches which are the Individual members and Corporate members.

There are seven levels of individual members with varying criteria for admission into each one. See Individual Members, Qualifications and Routes to ACIB. Membership is open to Secondary School leavers or those who have equivalent or other relevant A’ Level Qualifications.

The corporate members are made up of Deposit Money banks, Regulatory bodies, Non-Interest Banks, Merchant Banks, Development Finance Institutions, Asset Management Corporation, Primary Mortgage Institutions, and Microfinance Banks.

To learn about the benefit of membership, click here. Another benefit that has been designed to help members navigate the uncertain terrain of career in finance is the Mentorship and Internship Scheme.

The Scheme aims to empower mentees to be self-motivated initiators by connecting them with eligible mentors who provide realistic guidance and work with the mentee towards mutual success. The Internship branch of the scheme is also known as the Employment Desk. This is a bridge for those who need on the job experience or are out of work.

Individual Membership Fees

Kindly find below the various categories of individual membership and the applicable registration fees.
Ordinary Members (M)
Description Fee (₦)
Application Form 1,000
Registration Fee 1,000
Annual Subscription 3,000
Total 5,000
 
Student Members (N)
Description Fee (₦)
Application Form 1,000
Registration Fee 2,500
Annual Subscription 5,000
Development Levy 1,500
Total 10,000
 
Honorary Senior Members (HCIB) with Annual Subscription Academia
Description Fee (₦)
Application Form 2,000
Registration Fee 10,000
Medallion 10,000
Special CCPD 20,000
Tie/Scarf 5,000
Stole 5,000
Annual Subscription 17,500
Development Levy 25,000
Investiture Fee 200,000
Total 294,500
 
Honorary Senior Members (HCIB) with Life Option Academia
Description Fee (₦)
Application Form 2,000
Registration Fee 10,000
Medallion 10,000
Special CCPD 20,000
Tie/Scarf 5,000
Stole 5,000
Life Membership 262,500
Development Levy 25,000
Investiture Fee 200,000
Total 539,500
 
Honorary Senior Members (HCIB) with Annual Subscription
Description Fee (₦)
Application Form 2,000
Registration Fee 10,000
Medallion 10,000
Special CCPD 20,000
Tie/Scarf 5,000
Stole 5,000
Annual Subscription 35,000
Development Levy 50,000
Investiture Fee 273,000
Total 410,000
 
Honorary Senior Members (HCIB) with Life Option
Description Fee (₦)
Application Form 2,000
Registration Fee 10,000
Medallion 10,000
Special CCPD 20,000
Tie/Scarf 5,000
Stole 5,000
Life Membership 525,000
Development Levy 50,000
Investiture Fee 273,000
Total 900,000
 
Fellows (FCIB) with Annual Subscription
Description Fee (₦)
Application Form -
Registration Fee -
Medallion 10,000
Special CCPD 20,000
Tie/Scarf 5,000
Stole 5,000
Annual Subscription 37,500
Development Levy 30,000
Investiture Fee 268,000
Total 375,500
 
Fellows (FCIB) with Life Option
Description Fee (₦)
Application Form -
Registration Fee -
Medallion 10,000
Special CCPD 20,000
Tie/Scarf 5,000
Stole 5,000
Life Membership 562,500
Development Levy 30,000
Investiture Fee 268,000
Total 900,500
 
Honorary Fellows
Description Fee (₦)
Application Form 2,000
Registration Fee 10,000
Medallion 15,000
Special CCPD -
Tie/Scarf 5,000
Stole 5,000
Life Membership 562,500
Development Levy 100,000
Investiture Fee 2,500,000
Total 3,199,500
 
Honorary Fellows Discounted (Academia)
Description Fee (₦)
Application Form 2,000
Registration Fee 10,000
Medallion 15,000
Special CCPD -
Tie/Scarf 5,000
Stole 5,000
Life Membership 562,500
Development Levy 100,000
Investiture Fee 300,000
Total 949,500
 
Associate Members (ACIB)
Description Fee (₦)
Annual Subscription 18,000
Life Membership (Optional) 270,000
 
Conversion Fee for Associates/Fellows
Associates N Fellows N
Annual Subscription 18,000.00 37,500.00
ACIB Certificate 135,000.00 155,000.00
Total - Yearly Subscription Option 153,000.00 192,500.00
Total - Life Membership Subscription Option 405,000.00 717,500.00
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Corporate Members

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