Exemptions
Based on academic qualifications and course read, members of the Institute are qualified to apply for Exemptions from some of the examination papers when taking the Institute's examinations. Subject exemptions are reviewed from time to time and are carried out as follows:

S/N Qualifications Exemptions Applicable Subjects to be examined
1 ACIB/Degree Linkage
B.Sc. Banking & Finance from Institutions in the Linkage Partnership
  • All subjects in Foundation & Intermediate
  • PE 1 (three subjects i.e. Management Theory & Practice, Information Communication Technology and Financial & Mgt Accounting)
  • PE 11 (one subject i.e. Research Methodology)
  • PE 111 (two subjects i.e. Strategic Mgt. in the Fin. Services Industry, Corporate Finance)
  • PE 11 (two subjects i.e Law Ethics & Corporate Governance, International Finance), ** Marketing of Financial Services(Base on transcript)
  • PE 111 (two subjects i.e. Practice of Banking, Bank Lending & Credit Administration )
2 CIBN Accredited Institutions
B.Sc./HND Banking & Finance from Institutions accredited by CIBN
  • All subjects in Foundation & Intermediate
  • PE 1 (three subjects i.e. Management Theory & Practice , Information Communication Technology, Financial & Management Accounting)
  • PE 11 (one subject i.e. Research Methodology)
  • PE III ( one subject i.e Corporate Finance)
  • PE 11 (two subjects i.e. International Finance, Law, Ethics & Corporate Governance), ** Marketing of Financial Services(based on transcript)
  • PE 111 : Practice of Banking, Bank Lending & Credit Administration, Strategic Management
3 Non-accredited Institutions
B.Sc./HND Banking & Finance from Institutions not accredited by CIBN Qualification
  • All subjects in Foundation & Intermediate
  • PE 1 (two subjects i.e. Management Theory & Practice Information Communication Technology)
  • PE 1 (one subject i.e. Financial & Management Accounting)
  • PE 11 (All subjects)
  • PE 111 (All subjects)
4 Related Disciplines
B.Sc./HND in related disciplines e.g. Business Administration, Economics, Accountancy
  • Subject for subject in Foundation, Intermediate and PE 1
  • Foundation, Intermediate & PE 1 (All subject(s) not exempted)
  • PE 11 (All subjects)
  • PE 111 (All subjects)
5 Other Related Professional Qualifications
Holders of Professional Qualifications e.g. ACA, ACCA, ACIS, ACTI, ACS
  • All subjects in Foundation
  • Subject for Subject in Intermediate & PE 1
  • Intermediate & PE 1 (All subject(s) not exempted)
  • PE 11 (All subjects)
  • PE 111 (All subjects)
6 M.Sc. Banking & Finance
  • All subjects in Foundation
  • Intermediate(two subjects i.e. Quantitative Technique & Financial Economics)
  • PE 1 (two subjects i.e. Management Theory & Practice, Information Communication Technology)
  • PE 11 (one subject i.e. Research Methodolo g y.)
  • Intermediate ** Elements of Banking (Based on transcript)
  • PE 1 (one subject i.e. Financial & Management Accounting)
  • PE 11 (Three subjects i.e. Law , Ethics & Corporate Governance, International Finance, Marketing of Financial Service)
  • PE 111 (All subjects)
7 MBA, M.Sc., Ph. D., in Social and Management Sciences
  • Foundation ( All subjects)
  • Intermediate (one subject .i.e. Quantitative Technique)
  • PE 1 (( Ttwo subjects i.e. Management Theory & Practice, Information Communication Technology)
  • PE II ( one subject .i.e. Research Methodology)
  • Intermediate (Elements of Banking, Financial Economics)
  • PE 1 (one subject i.e. Financial & Management Accounting)
  • PE 11 (Law, Ethics & Corporate Governance, International Finance, ** Marketing of Financial Service (Based on Transcript)
  • PE 111 (All subjects)
8 All Other Degrees/HND and Professional qualifications .e.g ACIPM,ANIM,ANIPR etc Subject for Subject in Foundation and Intermediate
  • Foundation (subject (s) not exempted)
  • Intermediate (subject(s) not exempted)
  • PE 1 (All subjects)
  • PE 11 (All subjects)
  • PE 111 (All subjects)

Important Notice
** Exemption to be based on transcript(s)
Note: New Exemptions for students currently in the Linkage Partnership would be effective 2010.
  1. The Institute reserves the right not to grant exemptions to qualifications not registered at the time of application for membership of the Institute, or to qualifications not approved by the Council.
  2. All students granted exemption must show clearly on the Examination Entry Forms, the dates of the exemption(s).
  3. No exemption will be granted in Professional Examinations I and II except on the basis of certificates from Professional Banking Institutes approved by Council and ACIB/Degree.
Linkage Programme

Members seeking exemption during their applications are expected to pay. The Exemption Fees are as shown below:

Exemption Application Fees (Non Refundable)
  =N=
Foundation (per subject) 4,500.00
Intermediate – PE III Examinations (per subject) 6,000.00
Exemption Form 3,000.00