Lagos Business School

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Overview

Lagos Business School (LBS) is the graduate business school of Pan-Atlantic University in Nigeria, offering MBA, executive MBA, and executive education programs focused on management relevant to Nigeria and Africa.¹³⁴ It holds accreditations from AACSB, AMBA, and AABS, and has been consistently ranked by the Financial Times since 2007 in executive education categories, achieving top positions in Africa outside South Africa.¹²³ LBS emphasizes a Christian perspective on management education and professional ethics.³⁵

History

Lagos Business School was founded in 1991 as the Centre for Professional Communications (CPC) by Juan Elegido, Patrick Merino, and Tim Keenley, initially owned by the African Development Foundation.⁴⁵ In 2002, it became the first school of Pan-Atlantic University after federal approval, launching its Executive MBA program.⁴ Key milestones include AACSB accreditation in 2016 (first in West Africa), AMBA accreditation in 2016, ISO 9001:2015 certification, and AABS accreditation in 2024.¹³

Product Lines

Product Line	Positioning	Price Range
Full-time MBA	Two-year general management program for mid-career professionals	$20,000 - $30,000
Executive MBA	Part-time program for experienced executives	$25,000 - $35,000
Modular Executive MBA	Flexible international executive program	$30,000 - $40,000
Open Enrolment Executive Education	Short courses for individual professionals	$2,000 - $10,000
Custom Executive Education	Tailored programs for organizations	$50,000 - $200,000
Management Development Programmes	Specialized executive training	$3,000 - $15,000

Manufacturing

As an educational institution, LBS does not manufacture physical products; its programs are developed and delivered in-house by faculty at its campus in Lagos, Nigeria, with hybrid and face-to-face options.³

Notable Products

Full-time MBA - Ranked #=22 in Middle East and Africa 2026 by QS; top 100 worldwide by The Economist.
Executive MBA - Ranked #151-160 globally 2025 by QS; accredited by AMBA and AACSB.
Open Enrolment Executive Education - Top 40 globally in 2024 by Financial Times; ranked annually since 2007.
Custom Executive Education - Second in Africa by FT 2018; consistently top-ranked since 2015.
Modular Executive MBA - International program for senior executives with global modules.

Reputation

LBS is recognized by professionals for its pioneering accreditations in West Africa (AACSB, AMBA) and strong Financial Times rankings in executive education, positioning it as a leading business school on the continent outside South Africa.¹²³ Enthusiasts value its focus on ethical management and African-relevant curricula.⁵ Criticisms are limited in sources, though its rankings vary yearly (e.g., 64th to 75th in FT categories).¹

Sources (6)