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Exemptions Guidelines and Fees

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

Exemption Guidelines & Fees

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.

  1. 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 - -

Exemption Policy for Accredited Bank Academies

You are welcome to the official website of The Chartered Institute of Bankers of Nigeria (CIBN)...
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Exemption Policy

Our program and training courses are fashioned to sharpen your skills and broaden your knowledge of the Nigerian banking practices.
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Exemption Policy for Agency Banking Certification

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