Exemptions Guidelines and Fees

Demonstrate commitment to professionalism by updating your knowledge and skills at a suitable pace.

Guidelines

Exemption is a waiver or exclusion from writing some papers in the CIBN professional exams that have previously been written and passed while acquiring other qualifications e.g. BSc, HND, MSc, Ph.D. etc. Exemptions could be obtained from 1 subject to 9 subjects out of 14.

Exemptions are majorly based on academic qualifications and cuts across the various routes to qualifying as a Professional Banker (ACIB). These are:

Regular Route

This route is open to holders of certificates in HND/BSc, MSc, MBF, MBA, PhD etc. as well as recognised professional qualifications.

Subject-for-subject exemption is granted to holders of any of the above qualifications depending on the course of study. However, the following courses of study are exempted from Modules 1 & 2 at the Diploma level and a Module at the Chartered Banker- Elective:

Banking & Finance
Accounting
Economics
Business Administration
Marketing

Linkage/Accredited Routes

Linkage Programme is the relationship or connection between the institute and some tertiary institutions. This route allows graduates of these partnering institutions on HND/BSC Banking & Finance to be exempted in five (5) subjects and examined in nine (9) subjects:

Lecturers with BSc/HND/MSc/Ph.D Banking & Finance are eligible for exemptions in seven (7) modules.
Lecturers with BSc/HND/MSc/Ph.D in other Social Management courses are eligible for exemptions in five (5) modules provided they have a first degree in Economics, Accounting, Business Administration and Marketing.

Procedure for Exemption Application

Login as a Member via https://exemption.cibng.org/
Click on “To Apply for ACIB Exemption”
Select your qualifications from the available options and click on Proceed
After being advised of exemption courses.
You will be required to upload supporting documents/credentials in a single pdf file not larger than 2MB. i.e. (Academic, Professional, Bank Academy Certificates, updated CV and employment letter with all the banks you have worked with, if you are a Practitioner with at least ten [10] years of experience in the banking and finance sector).
Then click on proceed to make an application fee of NGN 5,000
After successful payment, your application will be submitted and reviewed for approval/disapproval within 48hours.

Bank Academy Route

The route affords graduates of Accredited Bank Academies exemptions ranging from two (2) to eight (8) modules depending on the Bank Academy irrespective of their courses of study.

Practitioner Route

This route allows practitioners who have spent not less than ten (10) years to be exempted from a minimum of six (6) modules:

Diploma Level (3 modules)

Economics of Banking and Finance
Customer Service and Relationship Management
Banking Law and Regulation

Intermediate Professional Level

Digital Banking
Enterprise Risk Management

Chartered Banker Level (Elective)

Human Resource Management

Candidates who have spent not less than fifteen (15) years and above would enjoy further exemption in Corporate Financial Services at the Chartered Banker Level.

Certification Route:

This route requires the successful completion of a relevant Certification programme against which exemptions are allowed in the flagship ACIB examinations. The Institute presently offers Certification Programmes in the following seventeen (17) subject areas:

Deposit Insurance System
Corporate Banking
Retail Banking
Corporate and Development Finance
Non-interest banking or Islamic Banking
Banking Operations
Loan processing and documentation
Digital Banking
Reporting and Compliance
Sustainable Banking
Ethics & Corporate Governance
Banking Law, Regulation & Supervision
Professional e-Payment
Microfinance
Certified Risk Managers
Financial Markets
Public Sector Finance

Benefits & Fees

Here are the Benefits & Fees

Benefits

The main benefit of exemption is that subjects previously passed will not be repeated thereby facilitating the qualification of the candidates in record time. Exemptions are subject to review from time to time.

Fees

    
            Level
            1 Subject
            2 Subjects
            3 Subjects
            4 Subjects
        

    
            Diploma
            12,000
            16,500
            22,500
            30,000
        

            Intermediate Professional
            22,500
            33,750
            45,000
            -
        

            Chartered Banker
            30,000
            45,000
            -
            -
        

Level	1 Subject	2 Subjects	3 Subjects	4 Subjects
Diploma	12,000	16,500	22,500	30,000
Intermediate Professional	22,500	33,750	45,000	-
Chartered Banker	30,000	45,000	-	-

Exemption Policy for Accredited Bank Academies

n recognition of the structured training and development programmes by the accredited academies, the attached document is designed to grant appropriate exemptions to eligible staff of the institutions. This policy ensures that relevant learning and competencies acquired through internal bank training programmes are aligned with the knowledge and skill requirements of the Associate Chartered Institute of Bankers (ACIB) qualification.

Click here to download the PDF File

Exemption Policy

The Institute introduced the award of exemptions to deserving candidates as a means of recognizing prior learning that aligns with the skills and knowledge required for the ACIB qualification in accordance with the guidelines outlined in the attached document. This policy reflects the Institute’s commitment to fostering capacity development, promoting industry relevance, and encouraging career advancement.

Click here to download the PDF File

Exemption Policy for Agency Banking Certification

The Certification is open to individuals from all disciplines and sectors of the economy who are interested in becoming Certified Agent Bankers, provided they meet the minimum qualification requirements as prescribed by the Institute. Exemptions could be obtained from 1 to 8 subjects out of the 12 for the Agency Banking Certification Programme.

Click here to download the PDF File

The Chartered Institute
of Bankers of Nigeria

Exemptions Guidelines and Fees

Exemption Guidelines & Fees

Guidelines

Regular Route

Linkage/Accredited Routes

Procedure for Exemption Application

Bank Academy Route

Practitioner Route

Diploma Level (3 modules)

Intermediate Professional Level

Chartered Banker Level (Elective)

Certification Route:

Benefits & Fees

Benefits

Fees

Exemption Policy for Accredited Bank Academies

Exemption Policy

Exemption Policy for Agency Banking Certification

Corporate Members

Using this site

Resources

Info

Exemptions Guidelines and Fees

Exemption Guidelines & Fees

Guidelines

Regular Route

Linkage/Accredited Routes

Procedure for Exemption Application

Bank Academy Route

Practitioner Route

Diploma Level (3 modules)

Intermediate Professional Level

Chartered Banker Level (Elective)

Certification Route:

Benefits & Fees

Benefits

Fees

Exemption Policy for Accredited Bank Academies

Exemption Policy

Exemption Policy for Agency Banking Certification

Corporate Members

Using this site

Resources

Info

Thank You!