exemption policy nd/ncemail.cibng.org/exemptionpolicy.pdf · international trade and finance....

i

EXEMPTION POLICY

Exemptions are subject to review from time to time. Currently, they are as follows:

(a) Exemptions for Diploma Examination

S/N Qualification Exemptions Applicable Subjects to be Examined

1 ND/NCE

ND/NCE (Banking

and Finance) or

(Financial

Studies) from

Institutions on

Linkage

Programme

All subjects at Diploma

level EXCEPT

Quantitative

Techniques.

Quantitative Techniques

2 CIBN-Accredited

Institutions

ND/NCE (Banking

and Finance)


level EXCEPT

Quantitative

Techniques and

Information &

Communication

Technology

Information and

Communication

Technology


3. Non-Accredited

ND/NCE

ND/NCE (Banking

and Finance) or

(Business-related

Courses)

Subject for subjects

based on Official

Transcript.

Information and

Communication

Technology.


Elements of Banking**

Basic Economics**

Accounting and Business

Finance**

ii

Business Law**

Fundamentals of

Marketing**

Business

Communication Skills**

4 Other

qualifications

accepted by the

Institute

Subject for subjects

based on Official

Transcript.

Information and

Communication

Technology



Basic Economics**

Accounting and Business

Finance**

Business Law**

Fundamentals of

Marketing**

Business


** Exemption to be based on transcript(s)

(b) Exemptions for ACIB Professional Examination


1. ACIB Degree/HND

Linkage

B.Sc./HND(Banking

& Finance) from

Institutions on the

Linkage Programme

All subjects at

Diploma level

All subjects at

Intermediate

Professional level

EXCEPT

Intermediate

Professional Level

International Trade and

Finance

Chartered Banker Level

iii

B.Sc/HND

Accounting/

Accountancy

International Trade

and Finance.

Management of

Financial Institutions

at Chartered Banker

level

All subjects at Diploma level

At Intermediate Professional

level, exemptions granted

include: Financial &

Management Accounting,

Corporate Financial

Management

Banking Law, Ethics

and Corporate

Governance

Bank Lending and

Credit Administration

Practice of Banking

Plus one Elective from

the following:

Financial Planning and

Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision

Principles and Practice

of Risk Management

Intermediate

Professional Level


Finance

Strategic Management

and Leadership

Marketing of Financial

Services

Financial Economics


iv

B.Sc/HND Business

Administration




include: Financial &

Management Accounting

Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


the following:


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

Intermediate

Professional Level


Finance


and Leadership

v


Services

Financial Economics

Corporate Financial

Management


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


the following:


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

vi

B.Sc/HND Marketing




include: Marketing of

Financial Services

Intermediate

Professional Level


Finance


and Leadership

Financial Economics

Corporate Financial

Management

Financial &

Management

Accounting


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


the following:


Control

Treasury Management

Human Capital

Management

vii

B.Sc/HND

Economics




Banking Regulation

and Supervision


of Risk Management


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


the following:


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

Intermediate

Professional Level

viii

include: Financial

Economics.


Finance


and Leadership

Financial and

Management

Accounting

Corporate Financial

Management


Services


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


the following:


Control

Treasury Management

Human Capital

Management

ix

B.Sc (Ed)

Accounting

All diploma level subjects

with the EXCEPTION of

Elements of Banking

Banking Regulation

and Supervision


of Risk Management

Diploma Level

Elements of Banking

Intermediate

Professional Level


Finance

Financial Economics**

Financial and

Management

Accounting**


and Leadership**

Corporate Financial

Management**


Services**


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


x

B.Sc (Ed) Business

Administration



Elements of Banking

Management of


Practice of Banking


the following:


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

Diploma Level

Elements of Banking

Intermediate

Professional Level


Finance


Financial and

Management

Accounting**


and Leadership**

xi

B.Sc (Ed)

Economics



Corporate Financial

Management**


Services**


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


the following:


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

Diploma Level

Elements of Banking

xii

Elements of Banking,

Business Law,

Fundamentals of Marketing

Business Law

Fundamentals of

Marketing

Intermediate

Professional Level


Finance


Financial and

Management

Accounting**


and Leadership**

Corporate Financial

Management**


Services**


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking

xiii


the following:


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

2. CIBN-Accredited

Institutions

B.Sc./HND (Banking

& Finance) from

Institutions

accredited by CIBN

All At Intermediate

Professional level,

exemptions granted

except International

Trade and Finance


Management of


Intermediate

Professional Level


Finance


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Practice of Banking


the following:


Control

Treasury Management

xiv

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

3. Non-Accredited

Institutions

B.Sc./HND (Banking

& Finance) from

Institutions not

accredited by CIBN

All subjects at

Diploma level

At Intermediate

Professional level

exemptions granted

include: Financial

Economics and

Corporate Financial

Management

None at Chartered

Banker Level

Intermediate

Professional Level


Finance


and Leadership

Financial and

Management

Accounting


Services


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking

xv


the following:


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

4. Related Disciplines

B.Sc./HND in related

disciplines, e.g.

Business

Administration,

Economics,

Accountancy, etc.

All subjects at

Diploma level

Subject for subject

exemption at

Intermediate

Professional level

with the EXCEPTION

of International Trade

and Finance.

Intermediate

Professional Level


Finance


Financial and

Management

Accounting**


and Leadership**

Corporate Financial

Management**


Services**


xvi

None at Chartered

Banker Level

Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


the following:


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

5 Other Related

Professional

Qualifications

Holders of

Professional

Qualifications e.g.

ACA, ACCA, ACIS,

ACTI, ACS

All subjects at

Diploma level

Subject for subject

exemption at

Intermediate

Professional level

with the EXCEPTION


and Finance

Intermediate

Professional Level


Finance



and Leadership**

Corporate Financial

Management**

xvii

None at Chartered

Banker Level


Services**

Financial and

Management

Accounting**


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


the following


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

6 ACIB/ M.Sc.

Banking & Finance,

All subjects at

Diploma level

Intermediate

Professional Level

xviii

MBF, MBA

(Finance option)

Linkage

All subjects at

Intermediate

Professional level

EXCEPT

International Trade

and Finance.

Management of


at Chartered Banker

level based on

transcript


Finance


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Practice of Banking,


the following:


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

7 M.Sc. Banking &

Finance, MBF, MBA

(Finance option)

All subjects at

Diploma level

Subject for subject

exemption at

Intermediate

Professional level

based on Official

Intermediate

Professional Level


Finance


xix

Transcript with the

EXCEPTION of

International Trade

and Finance.

Management of


at Chartered Banker

level based on

transcript.

Financial and

Management

Accounting**


Services.**


and Leadership**

Corporate Financial

Management**


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of

Financial Institutions**

Practice of Banking


the following


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision

xx


of Risk Management

8 MBA, M.Sc., Ph. D.,

in Social and

Management

Sciences

All subjects at

Diploma level

Subject for subject

exemption at

Intermediate

Professional level

with the EXCEPTION


and Finance

None at Chartered

Banker Level

Intermediate

Professional Level


Finance



and Leadership**

Corporate Financial

Management**


Services**


and Leadership**


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


the following

xxi


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision


of Risk Management

9 All Other

Degrees/HND and

Professional

qualifications .e.g

ACIPM,ANIM,ANIPR

etc

Subject for subject

exemption at

Diploma and

Intermediate

Professional levels

with the EXCEPTION


and Finance

Diploma Level


Basic Economics**

Accounting and

Business Finance**

Business Law**

Fundamentals of

Marketing**

Information and

Communication

Technology**

Quantitative

Techniques**

Business


Intermediate

Professional Level


Finance

xxii

None at Chartered

Banker Level



and Leadership**

Corporate Financial

Management**


Services**


and Leadership**


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


the following


Control

Treasury Management

Human Capital

Management

Banking Regulation

and Supervision

xxiii


of Risk Management

** Exemption to be based on transcript(s)

(c) Exemptions for Practitioners.

Criteria for Eligibility

The criteria for eligibility are as follows

The prospective candidate must have spent not less than 10 years in the Banking and

Finance Industry.

He/she must have attained a minimum of manager grade.

He/she has obtained an academic/professional qualification such as:

B.Sc/HND in Banking and Finance

B.Sc/HND in a related discipline like Economics, Business Administration and

Accounting.

ACA, ACIS, ACIPM or any other qualification as may be prescribed by the

Governing Council from time to time.

Candidate must be registered with the Institute as a student or in any other

membership category except Graduate, Associate and Fellow grades.


1

B.Sc./HND

(Banking &

Finance)


All subjects at Intermediate

Professional level EXCEPT


Finance.

Intermediate Professional

Level

International Finance

and Trade


xxiv

Management of Financial

Institutions at Chartered Banker

level based on transcript.

Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking

Plus one Elective from the

following:


Control

Treasury Management

Human Capital

Management

Banking Regulation and

Supervision


of Risk Management

2 Related

Disciplines

B.Sc./HND in a

related

discipline, e.g.

Business

Administration,

Economics,


Subject for subject exemption

at Intermediate Professional

level with the EXCEPTION of


Finance


Level


Finance


Financial and

Management

Accounting**

xxv

Accountancy,

etc.





and Leadership**

Corporate Financial

Management**


Services**


Practice of Banking,

Bank Lending and


Banking Law, Ethics

and Corporate

Governance

Management of



following


Control

Treasury Management

Human Capital

Management


Supervision


of Risk Management

xxvi

3 Other Related

Professional

Qualifications

Holders of

Professional

Qualifications,

e.g. ACA,

ACCA, ACIS,

ACTI, ACS






Finance





Level


Finance



and Leadership**

Corporate Financial

Management**


Services**


and Leadership**


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


following


Control

xxvii

Treasury Management

Human Capital

Management


Supervision


of Risk Management

4 M.Sc. Banking

& Finance,

MBF, MBA

(Finance option)






Finance.





Level


Finance


Financial and

Management.

Accounting**


Services.**


and Leadership**

Corporate Financial

Management**


Banking Law, Ethics

and Corporate

Governance

Bank Lending and


xxviii

Management of


Practice of Banking


following


Control

Treasury Management

Human Capital

Management


Supervision


of Risk Management

5 MBA, M.Sc.,

Ph. D., in Social

and

Management

Sciences






Finance.


Level


Finance



and Leadership**

Corporate Financial

Management**


Services**


xxix




Banking Law, Ethics

and Corporate

Governance

Bank Lending and


Management of


Practice of Banking


following


Control

Treasury Management

Human Capital

Management


Supervision


of Risk Management

**Exemption to be based on transcript(s)

(viii) Exemption Forms

Exemption Application Forms are obtainable on-line or from the National Secretariat,

Lagos, National Secretariat Annex, Abuja, Eastern Zonal Office, Owerri and

branches.

xxx

(d) Exemptions for RIMAN Graduates


1

Graduates of

RIMAN


Level

Subject for subject

exemption at Intermediate

Professional level with the

EXCEPTION of


Finance


Principles & practice of Risk

Management (elective in the

chartered banker level).


Level


Finance


Financial and Management

Accounting**

Strategic Management and

Leadership**

Corporate Financial

Management**


Services**


Banking Law, Ethics and

Corporate Governance

Bank Lending and Credit

Administration


Institutions**

Practice of Banking

xxxi

(e) Exemptions for CIMA Graduates

Pathways to the ACIB Designation for CGMA Holder

QUALIFICATION EXEMPTION APPLICABLE SUBJECTS TO BE EXAMINED

CGMA + BSc/MSc in Banking & Finance, Accounting, Economics and Business Administration or MBA

All Subjects at Diploma level

(8 subjects)

All Subjects at Intermediate Professional Level except International Trade and Finance

(5 subjects).


Financial Planning & Control

International Trade and Finance


Banking Law, Ethics and Corporate Governance

Bank Lending and Credit Administration

Management of Financial Institutions*

Practice of Banking

*Candidates can be exempted from Management of Financial Institutions based on Transcript.

CGMA only All Subjects at Diploma level except Elements of Banking (7 subjects)

Financial and Management Accounting

Marketing of Financial Services

Strategic Management and Leadership

Corporate Financial Management

Element of Banking


Level

Financial Economics


Finance


Banking Law, Ethics and Corporate Governance

xxxii


Financial Planning & Control

Bank Lending and Credit Administration

Management of Financial Institutions

Practice of Banking

exemption policy nd/ncemail.cibng.org/exemptionpolicy.pdf · international trade and finance....

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