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

 

 

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