Lagos Business School (LBS) Courses and Fees for 2025/2026

Lagos Business School (LBS), a graduate business school of Pan-Atlantic University in Lagos, Nigeria, was established in 1991 as the Centre for Professional Communications (CPC). Renowned for its world-class management education, LBS offers academic programs (MBA, M.Sc.), executive programs, and short courses, accredited by the Association of MBAs (AMBA) and the Association to Advance Collegiate Schools of Business (AACSB).

Located at Km 22, Lekki-Epe Expressway, Ajah, Lagos, LBS emphasizes professional ethics and practical learning through case studies and group work. Below is a detailed guide on LBS courses and fees for the 2025/2026 academic session, payment processes, and admission requirements, based on 2024/2025 data and expected adjustments.

Courses Offered at Lagos Business School

LBS provides a range of programs tailored for young professionals, executives, and organizations, categorized into academic programs, executive education, and open-enrollment seminars. Courses are structured in modules, including Basic Management Disciplines, Elective, Personal Effectiveness and Working in Groups, and Decision Making Considerations and Business Integration.

1. Academic Programs:

• Full-Time MBA (FTMBA):
  • Duration: 2 years, Monday–Friday, 9:00 AM–3:30 PM.
  • Focus: General management, strategy, entrepreneurship, business ethics, and business law. Includes real-life African and international case studies.
  • Electives: Specialized courses in the second year (e.g., finance, marketing).
• Modular MBA (MMBA):
  • Duration: 2 years, Tuesday–Thursday (5:30 PM–7:00 PM), Saturdays (9:30 AM–3:30 PM), with one intensive week per quarter.
  • Designed for working professionals, hybrid format (60% online, 40% in-person).
• Executive MBA (EMBA):
  • Duration: 2 years, Friday (2:00 PM–8:00 PM), Saturday (9:00 AM–3:00 PM).
  • Targets mid-to-senior professionals with managerial experience.
• Modular Executive MBA (MEMBA):
  • Duration: 2 years, Saturday (9:30 AM–10:45 AM), with one intensive week every two months.
  • Flexible for senior executives, hybrid delivery.
• M.Sc. in Management (MiM):
  • Duration: 18 months, full-time, in-person.
  • For recent graduates and young professionals with non-business degrees. Offers six specialization tracks (e.g., marketing, finance) and a pathway to a Ph.D.
  • Focus: Research skills, market dynamics, strategic management.
• Ph.D. Programs:
  • Duration: 3 years.
  • Focus: Advanced research in management, contributing to Nigerian business practices.

2. Executive Education Programs:

• Senior Management Programme (SMP):
  • Duration: 25 days over 5 months, multiple runs (e.g., March 10, May 19, July 7, September 22, November 19, 2025).
  • Focus: Strategic thinking, economic risk analysis, ethical competence, interpersonal skills.
• Advanced Management Programme (AMP):
  • Duration: 25 days over 5 months, runs April 7 and July 14, 2025.
  • Focus: Leadership skills, innovation, challenging assumptions.
• Global CEO – Africa Programme:
  • Duration: 15 days across three modules (May 4 at Strathmore Business School, Kenya; July 6 at LBS, Nigeria; October 6 at Yale School of Management, USA).
  • Focus: Strategic vision, navigating disruptive trends.
• Mastering Event Management Programme (MEMP):
  • Duration: 3 days (March 18–20, 2025).
  • Focus: Event planning and management, in collaboration with APPOEMN.
• Nonprofit Leadership and Management Certificate Programme:
  • Duration: Varies.
  • Focus: Practical nonprofit management, experiential learning.
• MBA/Chartered Banker and SMP/Chartered Banker:
  • Duration: Varies (e.g., June 23–27, October 28–November 1, 2025).
  • Focus: Banking management, strategic thinking, in collaboration with the Chartered Institute of Bankers of Nigeria (CIBN).

3. Open-Enrollment and Custom Programs:

• Short Courses:
  • Topics: Finance, marketing, leadership, strategy, human resource management, project management, negotiation, work-life balance, business continuity planning.
  • Duration: 3–6 days, some online (e.g., 6 days over 3 weeks).
  • Examples: Oral Presentation Skills, Coaching and Mentoring, Organizational Diplomacy.
• Customized In-Company Seminars:
  • Tailored for organizations to train staff in specific areas (e.g., talent management, leadership).

School Fees for 2025/2026 Academic Session

LBS fees vary by program, duration, and whether they include international modules. The fees cover tuition, course materials (excluding textbooks), and ancillary facilities (e.g., ICT, library). Estimates for 2025/2026 are based on 2024/2025 data from www.lbs.edu.ng and other sources, adjusted for potential inflation (5–10%) and subject to review without notice.

Estimated Fees for Academic Programs:

• Full-Time MBA (FTMBA):
  • Tuition: ₦17,442,199 per session (2 sessions over 2 years, up from ₦16,611,618 in 2024/2025).
  • Payment: 6 installments, initial deposit of ₦1,500,000.
  • International Students: Same as Nigerian students (₦17,442,199 per session).
• Modular MBA (MMBA):
  • Tuition: ₦17,442,199 per session (2 sessions).
  • Payment: 8 installments, initial deposit of ₦1,200,000.
• Executive MBA (EMBA):
  • Tuition: ₦17,442,199 per session (2 sessions).
  • Payment: 8 installments, initial deposit of ₦2,000,000.
• Modular Executive MBA (MEMBA):
  • Tuition: ₦17,442,199 per session (2 sessions).
  • Payment: 8 installments, initial deposit of ₦2,000,000.
• M.Sc. in Management (MiM):
  • Tuition: ₦8,820,000 total (up from ₦8,400,000 in 2024/2025, 18 months).
  • Payment: 4 installments, completed within 12 months.
• Ph.D. Programs:
  • Tuition: ₦3,000,000–₦5,000,000 per session (3 sessions over 3 years, estimated as specific 2025/2026 fees unavailable).
  • Payment: Typically in installments, details on portal.

Estimated Fees for Executive Education Programs:

• Senior Management Programme (SMP):
  • Fee: ₦7,875,000 (Lagos module, up from ₦7,500,000) + $6,825 (international module, up from $6,500), excluding VAT.
  • Alumni Lifetime Financial Membership: ₦1,680,000 (up from ₦1,600,000).
• Advanced Management Programme (AMP):
  • Fee: ₦14,910,000 (Lagos module, up from ₦14,200,000) + $8,400 (international module, up from $8,000), excluding VAT.
  • Alumni Lifetime Financial Membership: ₦1,680,000.
• Global CEO – Africa Programme:
  • Fee: $15,000–$20,000 (estimated, includes modules in Kenya, Nigeria, USA; specific 2025/2026 fees unavailable).
• Mastering Event Management Programme (MEMP):
  • Fee: ₦500,000–₦1,000,000 (estimated, based on short course trends).
• Nonprofit Leadership and Management Certificate:
  • Fee: ₦500,000–₦1,500,000 (estimated, varies by duration).
• MBA/Chartered Banker and SMP/Chartered Banker:
  • Fee: ₦5,000,000–₦8,000,000 (estimated, specific fees on CIBN or LBS portal).
• Short Courses (Open-Enrollment):
  • Fee: ₦262,500–₦1,050,000 (up from ₦250,000–₦1,000,000), depending on duration and content.

Additional Fees:

• Application Fee: ₦5,000–₦10,000 (non-refundable, varies by program).
• Entrance Exam Fee: $55 for Executive Selection Assessment (ESA, discounted for LBS applicants; standard $129 for GMAT/NMAT/GRE).
• Acceptance Fee: Not specified, but typically included in first installment.
• Accommodation: LBS does not provide housing. Students share flats nearby at ₦200,000–₦550,000 per person annually.

Notes:

• Fees are subject to review without notice. Verify on www.lbs.edu.ng or studentportal.lbs.edu.ng post-release (expected January 2025).
• International students pay the same tuition as Nigerians for most programs, with no additional subsidies.
• Scholarships are available for MBA and MiM students with financial need, covering tuition partially or fully. Apply within one week of admission.
• Flexible payment plans (4–8 installments) ease financial burdens, but all payments must be completed within the program’s first year for MiM or per session for MBAs.
• A 2023 source lists a Public Sector Leadership Programme at ₦6,767,125 + $10,250 (international module in Singapore), but this may not apply for 2025/2026.

Payment Process

LBS uses a secure online payment system via Remita or direct bank transfers. Payments must be made through official channels to avoid scams.

Steps to Pay Fees:

1. Access the Portal:
   • Visit studentportal.lbs.edu.ng or profpay.lbs.edu.ng and log in with your Application Number (new students) or Student ID (returning students).
2. Generate Invoice:
   • Select the program (e.g., FTMBA, MiM, SMP) and session (2025/2026).
   • Generate a Remita Retrieval Reference (RRR) or invoice.
3. Make Payment:
   • Online: Use a debit/credit card or bank transfer via Remita.
   • Bank: Pay at designated banks (e.g., UBA, Zenith) with the RRR, using the student’s name as the depositor.
4. Confirm Payment:
   • Upload receipt on the portal and await confirmation (24–48 hours).
   • Print the payment confirmation slip.
5. Complete Registration:
   • Submit confirmation to the admissions office for clearance and attend orientation.

Payment Options:

• Full Payment: Pay the entire fee at once.
• Installments:
  • FTMBA: 6 installments, ₦1,500,000 deposit.
  • MMBA/EMBA/MEMBA: 8 installments, ₦1,200,000–₦2,000,000 deposit.
  • MiM: 4 installments, completed within 12 months.
• Deadline: Pay before semester start (January or October 2025, depending on program). Late payments may incur penalties or restrict access to classes.

Important:

• Use only www.lbs.edu.ng or studentportal.lbs.edu.ng for payments.
• Contact mba@lbs.edu.ng or +234 805 225 2280 for payment issues, quoting your RRR or Application Number.

Admission Requirements

Admission requirements vary by program but generally include academic qualifications, work experience, and entrance exams. Below are the general criteria:

1. Academic Qualifications:
   • MBA Programs: Bachelor’s degree from an accredited institution (minimum Second Class Lower, 2:2).
   • MiM: Bachelor’s degree in any field, suitable for non-business graduates.
   • Ph.D.: Master’s degree with a minimum CGPA of 3.50/5.00 or equivalent.
   • O’Level: Five credits, including English Language and Mathematics, in WAEC, NECO, or GCE, in not more than two sittings.
2. Work Experience:
   • FTMBA and MMBA: Minimum 3 years post-qualification work or entrepreneurial experience (including NYSC).
   • EMBA and MEMBA: Minimum 7 years work experience, with 3 years in a managerial role.
   • MiM: 0–3 years, ideal for recent graduates.
   • Executive Programs: Varies (e.g., 5–10 years for SMP/AMP).
3. Entrance Exams:
   • Options: GMAT (www.mba.com), GRE (www.ets.org), NMAT (www.nmat.org), or LBS’s Executive Selection Assessment (ESA, $55 for LBS applicants).
   • Submit the best score; no minimum score specified, but competitive scores (e.g., GMAT 600+) enhance chances.
   • ESA is a 50-minute online proctored test for graduate management readiness.
4. Additional Requirements:
   • Application Form: Submit online with a fee of ₦5,000–₦10,000.
   • Documents: O’Level results, degree certificate, transcripts, two referee letters (one academic for MiM), three-month bank statement (if self-sponsored), recent passport photograph.
   • Interview: Mandatory for MBA and MiM applicants, conducted by faculty post-exam.
   • Research Intent: Required for Ph.D. applicants.
5. International Students:
   • Same academic and exam requirements.
   • Proof of English proficiency (e.g., TOEFL, IELTS) if prior education wasn’t in English.
   • No tuition subsidies; same fees as Nigerians.

Application Process

1. Submit Application:
   • Visit www.lbs.edu.ng or studentportal.lbs.edu.ng, select the program, and pay the application fee (₦5,000–₦10,000) via Remita.
   • Upload documents (O’Level, degree, referees, bank statement, photo).
   • Deadlines:
     • FTMBA: January–August 2025.
     • MMBA/EMBA: March–December 2025.
     • MEMBA: October 2025–June 2026.
     • MiM: November 30, 2024 (for January 2025 start).
2. Entrance Exam:
   • Register for GMAT, GRE, NMAT, or ESA. Contact mba@lbs.edu.ng for ESA discount code.
   • Submit scores via the portal.
3. Interview:
   • Shortlisted candidates are contacted for a faculty interview (online or in-person).
4. Admission Decision:
   • Check status on studentportal.lbs.edu.ng or JAMB CAPS (if applicable).
   • Pay acceptance fee (included in first installment) and confirm admission.
5. Pay Fees:
   • Follow the payment process above to complete registration.

Note: Corrections to submitted applications require contacting mba@lbs.edu.ng.

Why Choose Lagos Business School?

• Global Recognition: Ranked #151–160 in QS Executive MBA Rankings 2025, accredited by AMBA and AACSB.
• Practical Learning: Case-study method, real-world faculty, and African-focused curriculum.
• Flexible Programs: Modular and hybrid options for working professionals.
• Networking: Access to alumni (e.g., Lagos Governor Babajide Sanwo-Olu), business leaders, and global partners like Yale School of Management.
• Scholarships: Tuition coverage for deserving MBA/MiM students with financial need.
• Career Impact: Graduates report increased earning potential and leadership roles.

Challenges:

• High Fees: ₦8.8M–₦17.4M for academic programs, unaffordable for many, though installments and scholarships help.
• Competitive Admission: Requires strong academic records, work experience, and exam scores.
• No Accommodation: Students must arrange housing, adding costs (₦200,000–₦550,000 annually).

Sentiment on X: Posts highlight LBS’s prestige, with the MiM application opening noted for October 12, 2024, and comparisons of MBA fees (₦9.5M vs. $200k for Darden Business School), reflecting its high cost but value.

Tips for Applicants

1. Budget Wisely: Plan for tuition (₦8.8M–₦17.4M), application (₦5,000–₦10,000), and housing (₦200,000–₦550,000).
2. Apply Early: Meet deadlines (e.g., November 30, 2024, for MiM) to secure spots and scholarships.
3. Prepare for Exams: Aim for competitive GMAT/GRE/NMAT scores or use the discounted ESA ($55).
4. Leverage Scholarships: Apply post-admission for tuition coverage if financially constrained.
5. Verify Fees: Check www.lbs.edu.ng for the 2025/2026 schedule post-January 2025.
6. Network: Attend LBS events (e.g., International Family Business Conference, March 27, 2025) for insights.

Frequently Asked Questions

What courses are offered at Lagos Business School?

MBA (Full-Time, Modular, Executive, Modular Executive), M.Sc. in Management (MiM), Ph.D., executive programs (SMP, AMP, Global CEO), and short courses in finance, marketing, leadership, and more.

What are the school fees for LBS in 2025/2026?

• MBA/EMBA/MEMBA: ₦17,442,199 per session (2 sessions).
• MiM: ₦8,820,000 total (18 months).
• SMP: ₦7,875,000 + $6,825.
• AMP: ₦14,910,000 + $8,400.
• Short Courses: ₦262,500–₦1,050,000.

Can I pay LBS fees in installments?

Yes, MBA (6–8 installments), MiM (4 installments), but all payments must be completed within 12 months for MiM or per session for MBAs.

What is the application fee for LBS?

₦5,000–₦10,000, payable via Remita.

How do I pay LBS fees?

Via studentportal.lbs.edu.ng or profpay.lbs.edu.ng using Remita (card, bank transfer) or at banks with an RRR.

What are the admission requirements for LBS?

Bachelor’s degree, 3–7 years work experience (varies by program), five O’Level credits, GMAT/GRE/NMAT/ESA score, referee letters, and a faculty interview.

Conclusion

Lagos Business School (LBS) offers a diverse range of courses, including MBA, M.Sc. in Management, Ph.D., and executive programs like SMP and AMP, with fees ranging from ₦262,500 to ₦17,442,199 for 2025/2026. Short courses cost ₦262,500–₦1,050,000, while academic programs like the MiM (₦8.8M) and MBA (₦17.4M per session) reflect LBS’s premium status.

Payments are made via studentportal.lbs.edu.ng with flexible installments, and scholarships ease financial burdens. LBS’s global accreditations, practical curriculum, and networking opportunities make it a top choice, though high costs and competitive admission require planning. Verify fees on www.lbs.edu.ng post-January 2025, and contact mba@lbs.edu.ng or +234 805 225 2280 for updates.