Nigerian Institute of Management (Chartered)

What Nigerian Institute of Management (Chartered) does

Nigerian Institute of Management (Chartered), referred to as NIM, is a non-profit professional institute founded in 1961 and granted chartered status by Act No. 14 of the National Assembly on June 19, 2003. It is the statutory regulator of the management profession in Nigeria, with the mandate to control, regulate, and administer management practice nationally. It operates a 37-branch and 116-chapter network across Nigeria with regional offices in Abuja, Port Harcourt, and Kano, alongside its Victoria Island, Lagos headquarters, and a reported base of 200,000+ individual members and 400+ corporate organizations.

NIM's core product is a layered portfolio of management training, certification, and membership programs. Its flagship credential is the Management Professional Examination (MPE), supported by a suite of certifications and programs including CLAD, MCPEP, ITMA, MLGC, ANMC, WIMLEAD, YMC, and the Strategic Management and Leadership Development Centre curriculum. A partnership with the National Youth Service Corps (NYSC) has reached over 2 million youth corps members since 2005, serving as a large-scale grassroots pipeline into the institute's membership. International programs include the Top Executives Leadership Programme (TELP) in partnership with the Kenya Institute of Management and executive offerings alongside Harvard, Georgetown, Cambridge, Manchester, Henley, and Stellenbosch. Membership is structured in tiers (Graduate, Associate, Fellow, Corporate) and supports the institute's regulatory and professional-development role.

The business model is a multi-revenue-stream professional-institute model: recurring individual membership subscriptions, corporate membership fees, training and certification program fees, event and conference revenue (the Annual National Management Conference alone draws ~3,000 attendees), and international training programs (TELP Kenya at approximately $1,750 per participant). Approximately 95 employees staff the operations. The institute recently added an "AI for Business Transformation" training program to extend its curriculum into emerging-technology capability building. As a chartered non-profit, NIM does not raise external funding rounds; its capital base is its members' subscriptions and training revenue.

Name

Nigerian Institute of Management (Chartered)

Legal name

Nigerian Institute of Management (Chartered)

Website

https://nim.ng

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

51–100 employees

Short description

Nigerian Institute of Management (Chartered) is a non-profit professional institute chartered by Act of Parliament in 2003 to regulate the management profession in Nigeria, serving 200,000+ individual members and 400+ corporate organizations through certifications, training programs, and 37 branches nationwide.

Ownership category

akta.pro rank

Product category

Professional Management Certification

NAICS

Professional Organizations (813920), Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Membership Organizations (8600), Services-Educational Services (8200)

akta.pro primary industry

Project, Program & Portfolio Management Certifications (EDAAANAB)

akta.pro secondary industries

Risk, Governance & Compliance (incl. PMO) (EDABAHAG), Continuing Education (CE/CPD) & Provider Accreditation Bodies (EDADACAF)

Keywords

• Professional management certification
• Executive training programs
• Membership association
• Continuing professional education
• Leadership development

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Professional Membership Fees: Revenue generated from individual membership applications (N20,200), annual subscription renewals, and fellowship upgrade fees. Membership grades include Graduate, Associate (AMNIM), Member (MNIM), Fellow (FNIM), and Companion (CNIM) with progression requiring examination or thesis completion.
2. Training and Certification Programs: Revenue from management training programs including CLAD (Continuing Learning and Development), MCPEP (Mandatory Continuing Professional Education Programme), ITMA (Intensive Training for Management Admission), MLGC (Management, Leadership and Governance Courses), and offshore executive programmes. Programs are delivered both virtually and physically across multiple locations.
3. Event and Conference Fees: Revenue from flagship events including Annual National Management Conference (ANMC), WIMLEAD (Women in Management and Leadership Conference), Young Managers' Competition (YMC), and Management Day. Different fee structures exist for Fellows, Members, Retirees, Graduates, and Non-members.
4. Corporate Membership: Annual corporate membership fees for organizations seeking institutional affiliation and benefits for their management professionals.
5. International Training Programs: Revenue from offshore executive programmes such as TELP Kenya ($1,750 per participant) conducted in partnership with Kenya Institute of Management, including lectures, materials, tours, and meals.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

The Nigerian Institute of Management (Chartered) is a multidisciplinary professional institute that grants management professional qualification through the Management Professional Examination (MPE) and certifies members across grades (Graduate, Associate, Member, Fellow, Companion). It also delivers continuing professional education (MCPEP, CLAD), executive training (MLGC, ITMA, AI for Business Transformation), flagship conferences (ANMC, WIMLEAD, YMC), youth empowerment programs (NIM-NYSC), and offshore executive programmes in partnership with international institutions.

Product overview

The Nigerian Institute of Management (Chartered) operates as a multi-faceted, multi-disciplinary professional institute offering a comprehensive portfolio of professional certification, training, and development programs. The core offering consists of the Management Professional Examination (MPE) as the primary entry mechanism, supplemented by the NIM-NYSC Strategic Partnership for youth development and Students' Scheme Programme for undergraduates. The Institute provides continuing professional education through MCPEP and CLAD, while flagship events include the Annual National Management Conference (ANMC), Young Managers' Competition (YMC), and WIMLEAD for women. Training products span AI for Business Transformation, MLGC virtual courses, Offshore Executive Programmes, TELP international programs, and Henley Business School partnerships. The organization serves over 200,000 individual members and 400 corporate organizations through its national network.

Differentiator

Problem solved

Functional benefit

Brands

• CLAD: Continuing Learning and Development Programme for members
• MCPEP
• WIMLEAD
• YMC
• ANMC
• MIMLEAPS
• ITMA
• MLGC
• MPE
• Journal of Professional Management

Products and services

• Management Professional Examination (MPE) The primary professional examination that candidates must pass to become members of the Institute, serving as the core entry requirement for the management profession in Nigeria.
• NIM-NYSC Strategic Partnership A 6-month tuition-free program launched in 2005 focusing on skills acquisition and entrepreneurship for Nigerian graduates, having benefited over 2,000,000 youths.
• Students' Scheme Programme

Quantifiable outcome

• Over 2 million Nigerian youth empowered through NIM-NYSC Strategic Partnership since 2005
• +1 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• Kenya Institute of ManagementcoreStrategic or Co-development PartnerJoint collaboration on the Top Executive Leadership Programme (TELP) conducted in Nairobi, Kenya. The partnership enables cross-border executive education and leadership development between Nigeria and Kenya management professionals.
• Henley Business SchoolcoreStrategic or Co-development PartnerPartnership for executive education programs including the EDP Café Programme. Henley Business School is a recognized international business school providing executive education content and credentials.
• Harvard UniversityflagshipStrategic or Co-development PartnerCollaboration with Harvard Business School for management education and professional development programs, contributing to the institute's international credentialing and knowledge exchange.
• Georgetown UniversityflagshipStrategic or Co-development PartnerPartnership with Georgetown University's business school for executive education and leadership development programs.
• University of CambridgeflagshipStrategic or Co-development PartnerAcademic partnership with Cambridge Judge Business School for management education and professional development collaboration.
• Manchester Business SchoolflagshipStrategic or Co-development PartnerPartnership with Manchester Business School (University of Manchester) for executive education and management development programs.
• SouthBank University LondoncoreStrategic or Co-development PartnerCollaboration with SouthBank University for management education and professional development programs.
• Queen's University CanadacoreStrategic or Co-development PartnerInternational academic partnership with Queen's University for management education and knowledge exchange programs.
• American University of SharjahcoreStrategic or Co-development PartnerPartnership with American University of Sharjah for management education and professional development in the Middle East region.
• Stellenbosch UniversitycoreStrategic or Co-development PartnerPartnership with Stellenbosch Business School in Cape Town, South Africa for African management education collaboration.
• Cavista HoldingsminorOthersCorporate partner featured in the Our Partners section of the institute's website.
• AB OffshoreminorOthersCorporate partner featured in the Our Partners section of the institute's website.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kenya Institute of Management: Direct peer as both a chartered national professional management institute offering memberships, training, and certification. NIM and KIM already co-deliver the TELP Kenya executive program, evidencing close comparability in mission, structure, and product mix.
• All India Management Association (AIMA): India's apex management body offering management aptitude testing, professional development, and corporate training. Strong comparability as a large emerging-market professional institute serving a similar member base of managers and executives.
• South African Institute of Management (SAIM): South African professional management body offering memberships and training. Direct peer as a fellow African management institute with similar chartered ambitions and corporate member programs.

Emerging players

• Project Management Institute (PMI): Global professional body for project management with PMP certification. Adjacent peer that competes for the same professionals' certification budget; operates chapters in Nigeria and offers overlapping CPD value.
• Institute of Directors (IoD) Nigeria: Nigeria-based chartered body for directors and corporate governance professionals. Adjacent peer serving overlapping executive audience with focus on governance, board effectiveness, and directorship credentials rather than general management certification.

Broad incumbents

• Chartered Management Institute (CMI): UK-based chartered body awarding management qualifications and chartered manager status. CMI is the global gold-standard analogue of NIM, with similar membership tiers, CPD requirements, and chartered regulatory authority.
• Australian Institute of Management (AIM): National professional institute offering management training, executive education, and certification across Australia. Comparable in scope (training, membership, corporate programs) but operating in a more mature market.

Others

• Henley Business School: UK business school with which NIM partners for the EDP Café Programme. Functions as both a content partner and indirect peer offering competing executive education pathways to Nigerian professionals.
• Association of MBAs (AMBA): UK-based international accreditation body for MBA and business degrees. Indirectly comparable as a chartered business-education credentialing body that influences the same corporate buyers and individuals as NIM.

Regional players

• Lagos Business School (Pan-Atlantic University): Nigeria-based premium business school offering executive MBA and management programs. Local peer competing for executive education spending and senior management attention; some NIM leaders hold certificates from Pan-Atlantic.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/nimchartered
• Facebookfacebook.com/nimweb
• LinkedInlinkedin.com/company/nigerian-institute-of-management-chartered
• Instagraminstagram.com/nimchartered

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Nigerian Institute of Management (Chartered)