The Chartered Institute of Stockbrokers (CIS) is the only body in Nigeria empowered to conduct qualifying examinations and providing professional qualifications to Stockbrokers, Securities Dealers, Financial & Investment Analysts, and Portfolio & Fund Managers. The Institute also regulates the activities of its members and for matters connected therewith.

We provide classes and comprehensive study materials for all of CIS qualifications.


To obtain the Chartered Stockbroker qualification and the ACS designation, you ought to have completed the two levels of the Institute’s Professional exams. Both exam levels contain the same (number and types) of subjects, but have different level of difficulty. The subjects are divided into papers as follows:

Paper 1
Financial Accounting and Financial Statement Analysis.
Economics and Financial Markets.
Quantitative Analysis and Statistics.

Paper 2
Corporate Finance.
Equity Valuation and Analysis.
Fixed Income Valuation and Analysis.

Paper 3
Derivative Valuation and Analysis.
Portfolio Management.
Commodities Trading and Futures.

Paper 4
Ethics and Professional Standards.
Laws relating to Securities and Investments.
Regulations and practice of Securities and Corporate Finance.

Level I:
You will gain the basic knowledge and understanding of the subjects.

Level II:
You will gain an in-depth knowledge and understanding of the subjects.


The CIS Professional Diploma is a foundation course for operations staff and new entrants to the Securities and Investment industry. To obtain the qualification, you will need to register as a student of the Institute and complete two stages of examinations. Each stage of the CIS Diploma contains two Modules, and each Module contains a number of subjects:

Stage 1

Module A
Business Communication
Elements of Economics
Business Law
Business Accounting

Module B
Business Management
Business Mathematics and Statistics
Fundamentals of Financial Market

Stage 2

Module A
Financial Statement Analysis
Quantitative Techniques
Corporate Finance

Module B
Law, Ethics and Professional Standards
Regulations and Practice of Securities and Investment
Asset Valuation and Portfolio Management

CIIA Program

CIIA ® is an internationally recognized advanced professional qualification for individuals working in the finance and investment industry. The CIIA is currently recognised and supported by the world’s leading Federations, European Federation of Financial Analysts Societies (EFFAS), Asian Securities and Investments Federation Incorporated (ASIF) and over 30 national/regional societies for finance and investment professionals.

The attainment of CIIA ® provides you with the recognition of a superior standard of applied common knowledge that is essential for working in domestic and international investment markets. CIIA is the passport you need as employers recognise the advantage of hiring mobile professionals with qualifications that will enable them to work in any international financial centre.
To register, you first be a registered member (Graduate, Associate or Fellow) or professional student of the Chartered Institute of Stockbrokers.

Use the following link to explore the CIS Qualifications:

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