Additionally, we’ll provide answers to several questions we believe you might have in mind.
Before you’ll be able to gain admission into the Nigerian Universities, you need to meet up with their minimum admission requirements.
Generally, universities require that candidates have at least 5 credit passes in O’level that must include English Language and four other subjects.
However, there is no generally acceptable subject combination for Banking and Finance, as several universities make exceptions in key areas. In other words, the requirements vary with institutions.
That said, it is extremely important to know the specific requirements for studying Banking and Finance before applying to any institution.
General requirements for studying Banking & Finance in Nigerian Universities
O’level subject combination (WAEC, NECO or NABTEB)
To study Banking and Finance at any Nigerian university, you need at least 5 SSCE credit passes, which must include English Language, Mathematics and any other relevant subjects.
To put it differently, the NECO, NABTEB or WAEC subject combination for Banking and Finance is English Language, Mathematics, plus any other 3 subjects.
Scroll down to special consideration for the O’level requirements to know which other 3 subjects your preferred school demands.
For NBC holders, the other two relevant subjects could be from any of Accounting, Principles of Accounts, Commerce, Office Practice and Economics.
Special consideration for the O’level requirements
- ABU does not accept a combination of Local Languages and Religious Knowledge.
- Benson Idahosa University, AAUA, UNIUYO, UNIZIK, ESUTECH, EKSU, IMSU, PHC, and UNILAG require credit in Economics and two other subjects.
- Imo State University and Benson Idahosa University accept credit/merit in the English Language in TC II.
- PHC requires Economics and does not accept commercial subjects.
- MAKURDI, EBSU, and RSUST – Have the same requirements as in Accounting.
- LAGOS requires credit passes in English Language, Mathematics, Economics and any two of Government, Geography, Commerce, Financial Accounting, Physics, Chemistry, Biology, Business Management, and Book Keeping.
- AUN requires Five ‘O’ level credit passes including English Language, Mathematics, and any other three subjects from the following; Economics, Geography, Government, History, Literature in English, Further Mathematics, Technical Drawing, Visual Arts, Computer Studies, Information Technology, Civics, Environmental Science, Biology, Physics, Chemistry and French.
- AUN does not accept credit passes in the following; Agriculture, Food and Nutrition, Home Economics, Home Craft, Home management, Physical Education, Physical and Health Education, Music, Commerce, Accounting, Financial Accounting, Bookkeeping, Islamic History, Religious Studies, Tajweed, Library Studies, Diction, Kiswahili, Igbo, Hausa, Yoruba, Arabic, Turkish, Study skills.
- UNN requires five O’ level credits to include: English Language, Mathematics and any other relevant subjects. For NBC the other two relevant subjects could be from any of the following: Accounting, Principles of Accounts, Commerce, Office Practice and Economics.
- Ekiti State University requires a credit pass in Economics plus other social Science subjects at the SSCE.
- AAUA requires a credit pass in Economics plus one social Science subject and any other subject at the SSCE level
JAMB UTME subject combination
Candidates who wish to apply for Banking and Finance at any Nigerian University must register for Mathematics, Economics plus any one of Geography or Government. And as you must know by now, English Language is compulsory for all courses.
Special consideration for UTME subject combination
- UNIZIK does not accept Geography.
- ESUTECH, UNN, OOU accepts Mathematics, Economics, plus any social science subject.
- EBSU and IGBINEDION accept the same requirements as in Accounting
- UNICAL does not accept Commerce and CRK as UTME subjects.
- The American University of Nigeria requires Mathematics, plus any other subjects from the following; Economics, Geography, Government, History, Literature in English, Further Mathematics, Technical Drawing, Visual Arts, Computer Studies, Information Technology, Civics, Environmental Science, Biology, Physics, Chemistry, and French.
- EVANGEL requires Mathematics, Economics, and any other subject.
- MAKURDI – Same as in Accounting.
- Unilag – Accepts the same requirements as in Business Administration.
Direct Entry Requirement (A’Level)
To gain admission to study Banking and Finance through Direct Entry, you need two ‘A’ level passes chosen from Accounting, Economics, Management, Mathematics, Geography, and Statistics.
Special considerations and waivers for Direct Entry Students
- UNN accepts
- AIB and other professional qualifications or HND in relevant fields plus UTME requirements.
- As in Accountancy.
- (ESUTECH accepts ND in Management, Marketing, Accounting, and Finance.
- DELSU and ABSU accept ND in Banking/Finance with a minimum of ‘B’ overall average.
- Imo State University and PHC – No Direct Entry as of 2018
- OOU accepts ND/ND and NCE not below the equivalent of Upper credit in relevant subjects from recognized institutions as well as Foundation/ Intermediate passes ICAN, ACCA, ICMA, and CIPFA.
- PHC, ESUTECH, and UNIZIK require Direct Entry applicants to possess UTME requirements.
- OOU accepts ‘A’ level passes in Economics and other subjects plus ‘O’ level credits in English lang. and Mathematics.
- RSUST – Same as in Accountancy.
- UNIZIK does not accept Geography.
- EKSU accepts ND (Upper Credit) in relevant courses.
- EBSU accepts ACIB, ND, NCE or HND passed at merit level in relevant fields in addition to O’ ‘level requirement.
- IGBINEDION and CALABAR: as in Accounting. CALABAR does not accept IJMB/A’ level/NCE.
- AAUA accepts HND (Lower Credit) in Banking and Finance.
- OOU requires ‘A’ level passes in Economics and Accounting.
- COOU same as in Accountancy
- AAUA accepts National Diploma at credit level in relevant Discipline
- MAKURDI and UYO – Same as in Accounting.
- AUN accepts
- A’level passes chosen from English Language, Mathematics, Economics, Geography, Government, History, Literature in English, Further Mathematics, Technical Drawing, Visual Arts, Computer Studies, Information Technology, Civics, Environmental Science, Biology, Physics, Chemistry, and French.
- AUN does not offer admissions direct to 200 level programs as of 2018
- ABU accepts
- Two ‘A’ level passes in Accounting or Economics and any other subject
- NCE with passes at merit level in relevant subjects.
- ND at credit level.
- UYO accepts ND/HND in relevant fields not below lower credit level. All Direct Entry candidates must satisfy UTME requirements.
- EVANGEL requires two A’ level passes in Economics and any of Science, Social Science or Management subjects plus O’ level requirements.
- EBSU accepts HND, ACIB, ND/NCE passes at Merit level in relevant fields in addition to O’level requirements.ND must be at the Upper credit level.
- ESUTECH accepts ND in a relevant discipline within the Faculty into 200 level in addition to UTME requirements.
- LAGOSaccepts very good passes in three JUPEB/A-LEVEL subjects: Economics and any other two (2) subjects from Financial Accounting, Business Studies, Mathematics, Geography, and Government.
- MCPHERSON accepts
- ND upper credit in relevant fields.
- Foundation of professional examinations such as ICAN, ACCA, ICMA& CIBN
- JUPEB/IJMB (A’ level) or equivalent in a related discipline.
What about cut off marks for Banking and Finance?
In general, Nigerian Universities allow students who apply for Banking & Finance to partake in the Post UTME if they score a minimum of 180 in the JAMB UTME.
Universities where you can study Banking & Finance
The following Nigerian universities have Banking and Finance listed on the JAMB brochure:
- Ambrose Alli University, Ekpoma (AAU)
- Abia State University (ABSU)
- Afe Babalola University, Ado-Ekiti – Ekiti State
- The University of Abuja, Gwagwalada (UNIABUJA)
- Achievers University, Owo
- Arthur Javis University Akpoyubo Cross River State
- Augustine University
- Ajayi Crowther University, Ibadan (ACU)
- Al-Hikmah University, Ilorin
- Caritas University
- Chukwuemeka Odumegwu Ojukwu University, Uli
- Babcock University, Ilishan-Remo
- Bayero University, Kano (BUK)
- Baze University
- Bells University of Technology, Otta
- University of Benin (UNIBEN)
- Benson Idahosa University, Benin City (BIU)
- Bowen University, Iwo
- University of Calabar (UNICAL)
- Caleb University, Lagos
- Covenant University Ota
- Crawford University Igbesa
- Chrisland University
- Christopher University Mowe
- Crown Hill University Eiyenkorin, Kwara State
- Crescent University (CUAB)
- Delta State University (DELSU)
- Edo University Iyamo
- Edwin Clark University, Kaigbodo
- Ekiti State University (EKSU)
- Enugu State University of Technology (ESUTECH)
- Federal University, Otuoke, Bayelsa (FUOTUOKE)
- Federal University, Oye-Ekiti, Ekiti State
- Federal University Wukari (FED-WUKARI)
- Fountain University, Oshogbo
- Godfrey Okoye University, Ugwuomu-Nike – Enugu State
- Gregory University, Uturu
- Hallmark University, Ijebi Itele, Ogun
- Kogi State University Anyigba (KSU)
- Kola Daisi University Ibadan, Oyo State
- Kwara State University, Ilorin (KWASU)
- Landmark University, Omu-Aran
- Lagos State University, Ojo (LASU)
- Legacy University, Okija Anambra State
- Micheal & Cecilia Ibru University
- Mountain Top University
- Nasarawa State University
- Niger Delta University Yenagoa (NDU)
- Nile University of Nigeria, Abuja
- Obong University, Obong Ntak
- Oduduwa University, Ipetumodu – Osun State
- Pan-Atlantic University, Lagos
- Nigeria Police Academy Wudil
- Redeemer’s University, Mowe
- Renaissance University, Enugu
- Rhema University Obeama-Asa – Rivers State
- Samuel Adegboyega University, Ogwa
- Salem University, Lokoja
- Southwestern University, Oku Owa
- Summit University
- The University of Uyo, Akwa-Ibom State (UNIUYO)
- The University of Osun (UNIOSUN)
- Kings University, Ode Omu (UNIKINGS)
- Veritas University, Abuja
- Western Delta University Oghara Delta State
- Wesley University of Science & Technology, Ondo.
What is Banking and Finance all about?
Banking and Finance is a field related to financial services, which include money management, lending, business financing, banking, and other financial transactions.
Basically, people expect graduates of Banking and Finance to become bankers; however, there’s so much more to it than just banking.
Frequently asked questions
Bannking and Finance is more or less a commercial or Administrative course. Most Nigerian Universities place it under the faculty of Administration and not Art.
Gaining admission to study Banking and Finance in Nigeria is quite competitive, as thousands of students apply every year. So we advise that you perform exceedingly well in your exams so as to stand a good chance of securing admission.
Banking and Finance isn’t a science course. However, students who graduated from science classes in secondary school to apply to it, depending on the subjects they offered in SSCE.
A degree in Banking and Finance opens you up to a wide range of options. You can become a Financial Analyst, Personal Financial Advisor, Bank Teller, Stock Broker, among others.
Generally, you have to spend at least 4 years to obtain a degree in Banking and Finance.
Usually, the best universities to study Banking and Finance are the top universities in Nigeria and are also the most competitive. However, it is imperative to know if the institution has accreditation to offer the course.
We advise you to check the latest JAMB brochure for more information, as the Universities reserve the right to alter their requirements for studying Banking and Finance.