Lagos Business School (LBS) fees for 2026 range from ₦8,400,000 for the M.Sc. in Management (MiM) to ₦43,190,207 for the Doctor of Business Administration (DBA) — depending on the programme you choose. Executive education fees vary separately based on the course.
LBS is the graduate business school of Pan-Atlantic University, located at Km 22, Lekki-Epe Expressway, Ajah, Lagos. It is accredited by both AMBA and AACSB — the only institution in West Africa to hold both accreditations.
This guide covers all LBS programmes, their current fees, what those fees include, payment options, and what to budget for beyond tuition.
Note: LBS reserves the right to review fees without prior notice. Always confirm the latest figures at lbs.edu.ng or the student portal before making payment.
LBS School Fees Breakdown (2026/2027 Academic Session)
Degree Programmes
| Programme | Duration | Total Tuition Fee |
|---|---|---|
| M.Sc. in Management (MiM) | 18 months | ₦8,400,000 |
| Full-Time MBA (FTMBA) | 2 years | ₦11,000,000 |
| Modular MBA (MMBA) | 24 months | ₦11,000,000 |
| Executive MBA (EMBA) | 3 years | ₦16,611,618 |
| Modular Executive MBA (MEMBA) | 3 years | ₦16,200,000 |
| Doctor of Business Administration (DBA) | 3 years | ₦43,190,207 |
Fees cover tuition, course materials, and use of ancillary facilities. Textbooks are excluded.
Executive Education Programmes
These are shorter, non-degree professional programmes designed for senior managers, executives, and business leaders.
| Programme | Lagos Module Fee | International Module Fee |
|---|---|---|
| Senior Management Programme (SMP) | ₦7,875,000 | $6,825 |
| Advanced Management Programme (AMP) | ₦14,910,000 | $8,400 |
Fees for executive programmes are exclusive of VAT. An alumni lifetime financial membership fee of ₦1,680,000 also applies for AMP and SMP participants.
Short professional courses typically range from ₦500,000 to ₦1,500,000, depending on duration and subject area.
Additional Fees
Beyond tuition, here are other costs to plan for:
| Fee Type | Amount |
|---|---|
| Application Fee (MiM / FTMBA / MMBA) | ₦5,000 |
| Application Fee (EMBA / MEMBA / DBA) | ₦50,000 |
Accommodation Fees
LBS does not provide on-campus student accommodation. There are no official school hostels.
However, affiliated hostels and private apartments in the surrounding Ajah and Lekki axis offer options for students. Typical off-campus housing costs are:
- Shared apartment: ₦200,000 – ₦350,000 per year
- Self-contained flat: ₦350,000 – ₦550,000 per year
These figures are estimates based on prevailing rental rates in the area and will vary. Budget housing costs separately from your tuition.
What LBS Fees Cover
All LBS degree programme fees include:
- Tuition for the full programme
- Course materials and lecture notes
- Use of LBS facilities (library, lecture halls, learning resources)
They do not include textbooks, accommodation, personal transportation, or the international module fees for executive programmes (which are charged separately in USD).
Payment Methods and Instalments
LBS accepts payment through the student portal at studentportal.lbs.edu.ng or profpay.lbs.edu.ng via Remita (card or bank transfer) or direct bank deposits using a Remita Retrieval Reference (RRR).
Instalment Plans
| Programme | Instalments | Initial Deposit |
|---|---|---|
| MiM | 4 instalments | Confirmed at admission |
| Full-Time MBA | 4 instalments | Confirmed at admission |
| Modular MBA (MMBA) | 6 instalments | ₦3,500,000 |
| Executive MBA (EMBA) | 6 instalments | ₦4,500,000 |
| Modular Executive MBA (MEMBA) | 6 instalments | ₦4,500,000 |
For the MiM, all instalments must be completed within the first 12 months of the programme. MBA programme payments are typically structured per session.
Important Notes for Students
- Fees can change without notice. LBS explicitly states this on its fee pages. Confirm before applying.
- Scholarships are available. LBS offers merit-based and need-based scholarships for MBA and MiM students. Apply within one week of receiving your admission offer.
- Student loans are accessible. Banks including Edubanc and GTBank offer education loans specifically for LBS students.
- International students pay the same tuition as Nigerian students for most degree programmes.
- LBS is a postgraduate and executive education institution only. It does not admit JAMB candidates for undergraduate study.
FAQs
How much is Lagos Business School fees in 2026?
LBS fees for degree programmes range from ₦8,400,000 (MiM) to ₦43,190,207 (DBA). The most popular MBA programmes cost between ₦11,000,000 and ₦16,611,618. Executive short courses start from around ₦500,000.
Is Lagos Business School expensive?
Yes, LBS is one of the most expensive business schools in Nigeria. However, its fees reflect AMBA and AACSB dual accreditation, a strong alumni network, and globally competitive programmes. It is a premium investment in postgraduate business education.
Can LBS fees be paid in instalments?
Yes. All LBS degree programmes allow instalment payments. The Modular MBA, EMBA, and MEMBA can be spread across 6 instalments. The MiM allows 4 instalments, with all payments due within the first 12 months.
Does the fee vary by course at LBS?
Yes, significantly. The programme type determines your fee. The MiM (₦8,400,000) is the lowest-cost degree, while the DBA (₦43,190,207 over 3 years) is the highest. Executive programmes carry separate fees structured differently from degree programmes.
Does LBS have accommodation?
No. LBS does not provide student accommodation. Students must arrange private housing in the Ajah-Lekki area, with typical costs ranging from ₦200,000 to ₦550,000 per year.
Is LBS a university?
LBS is the graduate business school of Pan-Atlantic University. It does not run undergraduate programmes. All its degree offerings are at the postgraduate level (MiM, MBA, EMBA, DBA).
Figures in this article are based on the most recent data available as of the 2025/2026 admission cycle. LBS fees are subject to review without notice. Always verify directly at lbs.edu.ng before making any financial decisions.
Haruna Ayuba is an Educationist who loves to write and share information with students and Guardians, helping them make the right decisions faster.
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