Chartered Institute of Stockbrokers

Professional Certification and Securities Educationcisinigeria.org

The Chartered Institute of Stockbrokers (CIS) is the Nigerian statutory chartered body that certifies, regulates, and educates securities and investment professionals, serving roughly 17,000 members and students through three certification pathways, continuing professional development, and annual conferences.

Company typePrivate
Founded1990
HeadquartersIkoyi, Nigeria
Headcount11–50
GTM typeB2C
OfferingServices

Chartered Institute of Stockbrokers firmographics

Firmographics

Name: Chartered Institute of Stockbrokers
Legal name: The Chartered Institute of Stockbrokers
Website: https://cisinigeria.org
Company type: Private
Founded year: 1990
Operating status: Operating
Headcount range: 11–50 employees
Short description: The Chartered Institute of Stockbrokers (CIS) is the Nigerian statutory chartered body that certifies, regulates, and educates securities and investment professionals, serving roughly 17,000 members and students through three certification pathways, continuing professional development, and annual conferences.
Ownership category
akta.pro rank

Chartered Institute of Stockbrokers industry classification

Industry

Product category: Professional Certification and Securities Education
NAICS: Colleges, Universities, and Professional Schools (6113), Publishing Industries (513)
SIC: Services-Educational Services (8200), Miscellaneous Publishing (2741), Books: Publishing Or Publishing & Printing (2731)
akta.pro primary industry: Securities & Investment Licensing Exam Prep (FINRA Series 7/63/65/66, SIE) (EDANAIAJ)
akta.pro secondary industries: Financial Services & Insurance (FINRA, CFP, IAR, Insurance CE) (EDAAALAJ), Professional Licensure & Certification Exam Prep (Bar/CPA/NCLEX/PMP, etc.) (EDAGADAD), Finance, Accounting & Risk (CFA/CPA/FRM) Certifications (EDAAANAD)

Keywords

Professional certification
Securities education
Investment training
Stockbroker licensing
Continuing professional development

Where Chartered Institute of Stockbrokers is headquartered

Location

Headquarters

HQ city: Ikoyi
HQ country: Nigeria
HQ region: Africa

Offices4 records

Markets served

Chartered Institute of Stockbrokers business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

Membership Subscriptions: Annual membership subscriptions from five categories of members: Diploma Students (₦2,000), Professional Students (₦6,000), Graduates (₦65,000), Associates (₦85,000), and Fellows (₦100,000). Application fees for Associate (₦200,000) and Fellowship (₦260,000) upgrades.
CIS Academy Training Programmes: Corporate learning solutions and professional courses offered through CIS Academy, including advanced finance, valuation, risk management, leadership, and data analytics programmes.
Examination and Certification Fees: Fees for professional examinations, CIIA programme registration (₦150,000), and certification-related services.

Pricing tiers

Model	Billing	Price
Subscription	Annual	Diploma Student - Foundation course for financial services industry entrants
Subscription	Annual	Professional Student - Professional examination candidates
Subscription	Annual	Graduate - Completed professional examinations, awaiting associate admission
Subscription	Annual	Associate (ACS) - First level of full membership
Subscription	Annual	Fellow (FCS) - Highest and most prestigious membership level
One time/ perpetual license	Pay-as-you-go	CIIA Programme - International advanced professional qualification
Subscription	Pay-as-you-go	Professional Programme - Minimum first degree requirement
Subscription	Pay-as-you-go	Professional Diploma Programme - Foundation course for financial services career

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Chartered Institute of Stockbrokers product offering

Product offering

Core offering

The Chartered Institute of Stockbrokers is a statutory professional body that administers chartered certification programmes (Professional Programme, Professional Diploma, CIIA, and CSISS) for individuals seeking to practise stockbroking and securities/investment roles in Nigeria. It also operates the CIS Academy for continuing professional development, publishes the IJFSIM academic journal and The Nigerian Stockbroker magazine, and runs the E-Library and annual conferences for its 17,000+ members and students.

Product overview

The Chartered Institute of Stockbrokers operates a comprehensive professional certification and education ecosystem for securities and investment professionals in Nigeria. The core offerings consist of three certification pathways: the Professional Programme for degree holders, the Professional Diploma Programme for foundation-level candidates, and the CIIA Programme providing internationally recognized qualifications. Supporting these are the CIS Academy for Continuing Professional Development, the International Journal of Finance, Securities and Investment Markets for academic research, The Nigerian Stockbroker Magazine for member education, and the E-Library for digital research resources. The Institute also operates a Membership Portal for member services and organizes annual conferences including the flagship Stockbrokers Conference and International Academic Conference.

Differentiator

Problem solved

Functional benefit

Brands

CIS Academy: Corporate learning solutions providing training, certification preparation, and career readiness programs for the financial services industry.
IJFSIM
CIS Research Foundation

Products and services

Professional Programme

Companies that use Chartered Institute of Stockbrokers

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Chartered Institute of Stockbrokers technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Chartered Institute of Stockbrokers partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core and minor.

Afe Babalola UniversitycoreStrategic or Co-development Partner · 20 May 2026Collaboration for the 1st International Academic Conference of the Chartered Institute of Stockbrokers held from 20th to 22nd May 2026. The conference brought together academics, policymakers, regulators, capital market operators, industry practitioners, researchers, and postgraduate students. The partnership provided a platform for intellectual engagement, policy dialogue, and knowledge sharing between academia and industry.
Association of Certified International Investment Analysts (ACIIA), SwitzerlandcoreStrategic or Co-development PartnerCIS became a member society in January 2009. ACIIA is supported by European Federation of Financial Analysts Societies (EFFAS), Asian Securities and Investments Federation Incorporated (ASIF), and over 30 national/regional societies. CIIA certification provides international recognition and passport for working in international financial centres.
Chartered Institute for Securities and Investment (CISI), UKcoreStrategic or Co-development PartnerInternational recognition partnership with CISI UK, providing global profile and affiliation opportunities for CIS members. The partnership enables members to access international career opportunities and recognition in the securities and investment profession.
Securities and Exchange Commission (SEC) NigeriacoreStrategic or Co-development PartnerSEC Nigeria is the regulatory body overseeing the capital market where CIS members operate. SEC DG Emomotimi Agama spoke at the CIS annual conference, highlighting collaboration on capital market development, investor education, and regulatory compliance.
European Federation of Financial Analysts Societies (EFFAS)minorStrategic or Co-development PartnerInternational federation supporting the CIIA qualification. EFFAS is one of the leading federations backing the Association of Certified International Investment Analysts (ACIIA), which CIS is a member society of.
Asian Securities and Investments Federation Incorporated (ASIF)minorStrategic or Co-development PartnerInternational federation supporting the CIIA qualification alongside EFFAS and over 30 national/regional societies for finance and investment professionals.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Chartered Institute of Stockbrokers competitors and assessment

Company assessment

Direct peers

Canadian Securities Institute (CSI): Canada's leading provider of securities and investment certification courses and exams for industry professionals — closely mirrors CIS's role of setting and delivering licensing-qualification exams for practitioners.
Chartered Institute for Securities & Investment (CISI): UK-based chartered body for securities, investment, and financial services professionals offering certifications, memberships, and CPD — CIS's international partner and most direct functional analogue for the Nigerian market.
Association of Certified International Investment Analysts (ACIIA): Federation of national analyst societies of which CIS is a member since 2009; jointly issues the CIIA credential that CIS delivers in Nigeria — directly comparable professional-body function at international level.

Broad incumbents

CFA Institute: Global professional body administering the CFA Programme for investment professionals; competes with CIIA for advanced credentials and competes with CIS for the same Nigerian aspirational candidate pool.
Australian and New Zealand Institute of Insurance and Finance (ANZIIF): Professional body offering specialist certifications and member services across insurance and financial services — comparable membership-tier, CPD, and credential issuance model for finance professionals.

Regional players

Institute of Chartered Accountants of Nigeria (ICAN): Nigeria's chartered accountancy body — operates an analogous statutory professional certification, examination, and CPD model for accountants and serves the same Nigerian finance professional ecosystem.
Bombay Stock Brokers' Association (formerly BSE Brokers' Forum): Indian association representing stockbrokers and intermediaries with educational and certification activities — regional peer addressing similar practitioner certification and industry representation needs.
South African Institute of Stockbrokers (SAIS): South Africa's historic stockbroker professional body — closest regional analogue providing chartered credentials and CPD for stockbrokers on the continent, comparable in scope though differing in regulatory environment.
Chartered Institute of Bankers of Nigeria (CIBN): Nigeria's chartered body for banking professionals — sister Nigerian chartered institute following the same statutory-act, membership-tier, examination, and CPD model as CIS but focused on banking rather than securities.

Emerging players

NSE Academy (India): Training arm of the National Stock Exchange of India delivering financial-markets certification and capacity-building programmes — comparable emerging-market exchange-affiliated education model targeting large candidate pools.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Chartered Institute of Stockbrokers financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Chartered Institute of Stockbrokers leadership team

Management profile

Number of profiles

Profiles4 records

Chartered Institute of Stockbrokers subsidiaries and ownership

Company hierarchy

Subsidiaries5 records

Chartered Institute of Stockbrokers funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Chartered Institute of Stockbrokers M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chartered Institute of Stockbrokers

What does Chartered Institute of Stockbrokers do?

Is Chartered Institute of Stockbrokers a public or private company?

Chartered Institute of Stockbrokers is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Chartered Institute of Stockbrokers founded?

Chartered Institute of Stockbrokers was founded in 1990. It employs 11 to 50 people.

Where is Chartered Institute of Stockbrokers based?

Chartered Institute of Stockbrokers is headquartered in Ikoyi, Nigeria, in the Africa region.

How does Chartered Institute of Stockbrokers make money?

Three revenue lines are on record. Membership Subscriptions are the primary driver. The others are CIS Academy Training Programmes and examination and Certification Fees.

Who are Chartered Institute of Stockbrokers's main competitors?

Direct peers on record are Canadian Securities Institute (CSI), Chartered Institute for Securities & Investment (CISI) and Association of Certified International Investment Analysts (ACIIA). Broad incumbents are CFA Institute and Australian and New Zealand Institute of Insurance and Finance (ANZIIF). Regional players are Institute of Chartered Accountants of Nigeria (ICAN), Bombay Stock Brokers' Association (formerly BSE Brokers' Forum), South African Institute of Stockbrokers (SAIS) and Chartered Institute of Bankers of Nigeria (CIBN). NSE Academy (India) is listed as an emerging player.

Does Chartered Institute of Stockbrokers have an API?

No public API is recorded for Chartered Institute of Stockbrokers.

What industry is Chartered Institute of Stockbrokers in?

Chartered Institute of Stockbrokers's product category is Professional Certification and Securities Education. Its primary akta.pro industry code is EDANAIAJ, Securities & Investment Licensing Exam Prep (FINRA Series 7/63/65/66, SIE), with a secondary code of EDAAALAJ, Financial Services & Insurance (FINRA, CFP, IAR, Insurance CE). Its NAICS code is 6113 and its SIC code is 8200.