Last Updated on 3 months ago by Haruna Ayuba
How much are Lagos Business School (LBS) MBA fees for 2026/2027? LBS MBA fees range from ₦8,400,000 to ₦16,611,618 per program, depending on the type. The Full-Time MBA costs ₦8,400,000, while the Executive MBA (EMBA) costs ₦16,611,618 for the entire program.
Lagos Business School (LBS), the graduate business school of Pan-Atlantic University in Lagos, is Nigeria’s top business school, founded in 1991. It offers four MBA programs: Full-Time MBA (FTMBA), Modular MBA (MMBA), Executive MBA (EMBA), and Modular Executive MBA (MEMBA). For 2026/2027, fees are projected based on 2026/2027 rates, with possible inflation adjustments. This post provides a clear fee breakdown, payment steps, and budgeting tips.
LBS MBA Fees for 2026/2027 (Based on 2026/2027)
Note: Fees cover tuition and course materials (excluding textbooks). Check lbs.edu.ng for updates.
| Program | Duration | Total Fees (₦) | Installments Available |
|---|---|---|---|
| Full-Time MBA (FTMBA) | 21 months | 8,400,000 | 4 installments |
| Modular MBA (MMBA) | 24 months | 8,400,000 | 4 installments |
| Executive MBA (EMBA) | 24 months | 16,611,618 | 6 installments |
| Modular EMBA (MEMBA) | 24 months | 16,611,618 | 6 installments |
- Application Fee: ₦5,000 (FTMBA/MMBA) or ₦50,000 (EMBA/MEMBA)
- Housing (Off-Campus): ₦200,000–₦550,000 per year (shared flats, not provided by LBS)
How to Pay LBS MBA Fees
- Visit lbs.edu.ng, log into the portal with your application number and password.
- Go to “Fees,” select your program, and choose bank or card payment.
- Pay via bank (e.g., GTBank, Polaris) using the reference number, or online with a debit card.
- Upload proof on the portal and print your e-receipt.
- Pay the first installment before resumption (likely September 2026) to secure your spot.
- Contact: Email mba@lbs.edu.ng or call 0708-007-0527.
Budgeting for LBS MBA
- Total Cost: Budget ₦8,605,000–₦17,161,618 (fees + application + housing).
- Scholarships: LBS offers partial scholarships (10% for international students) and loans via banks like Edubanc and GTBank. Apply after admission.
Why LBS MBA?
LBS MBA fees (₦8,400,000–₦16,611,618) are high but justified by its AMBA and AACSB accreditations and 92% graduate employment rate within a year. The EMBA (₦16,611,618) suits executives with 7+ years of experience, while the FTMBA (₦8,400,000) fits younger professionals (3+ years). Compared to other schools, LBS offers global exposure but at a premium. Prepare with a strong GMAT/GRE score.
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