Exam Structure & Prices

Examination papers types are listed below:

The Diploma Examination

Stage 1

Module A Code Module B code
Business Communication BC, EE, BL & BA Business management BM, BMS & FFM
Elements of Economics Business Mathematics & Statistics
Business Law Fundamentals of Financial Market
Business Accounting
Examination Cost N7,500 Examination Cost N7,500

 


Stage 2

Module A Code Module B code
Economics EC, FSA, QT & CF Law, Ethics and Professional Standards LEP, RPS, APM & Der
Financial Statement Analysis Regulation and Practice of  Securities & Investment
Quantitative Techniques Asset Valuation and Portfolio   Management
Corporate Finance Derivatives
Examination Cost N10,000 Examination Cost N10,00
  • Examination is written in modules and stages.
  • Note that stage 1 must be completed before writing stage 2
  • Candidate can write any of the modules in each stage or both

 

The Professional Examination

PAPER  Paper Description
1.1  & 2.1

Abbreviation

FAFSA, EFM & QAS

Financial Accounting & Financial Statement Analysis
Economics & Financial Markets
Quantitative Analysis & Statistics
1.2  & 2.2

Abbreviation

CF, EVA & FIVA

Corporate Finance
Equity Valuation & Analysis
Fixed Income Valuation & Analysis
1.3  & 2.3

Abbreviation

DVA, PM & CTF

Derivative Valuation & Analysis
Portfolio Management
Commodity Trading & Futures
1.4  & 2.4

Abbreviation

EPS, LSI & RSC

Ethics and Professional Standard
Law Relating to Securities & Investment
Regulation of Securities & Corporate Finance


Examination cost

Paper Description Level 1 Level 2
1 Paper 24,500 28,000
2 Papers 30,500 35,500
3 Papers 36,500 43,000
4 Papers 42,500 50,500
  • A Student can register for any number of papers s/he wishes to write in any examination session in each level.
  • Completion of all level 1 papers is a prerequisite for writing any paper in level 2.

 

CIIA Final Examination

  Exam name Exam fee
Corporate Finance Exam I 150,000
Economics
Financial Accounting & Financial Statement Analysis
Equity Valuation & Analysis
Fixed Income Valuation & Analysis Exam II 150,000
Derivative Valuation & Analysis
Portfolio Management

 

 

ABOUT THE INSTITUTE

The Chartered Institute of Stockbrokers (CIS) is an Institute chartered by Act of parliament of the Federal Republic of Nigeria in 1992 with the responsibility of providing professional qualification for Stockbrokers and other Securities and Investment professionals.
The CIS regulates the activities of over 15,000 members (students, associates, fellows and graduates, Stock Marketing Agent, diploma, e.t.c.). The Institute also processes and manages registration of its members, examination, financial and legal information in order to achieve its objectives.

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