Business
LBS Tops Financial Times Ranking For 12th Year
For the 12th consecutive year, the Lagos Business School (LBS), has been ranked by Financial Times (FT) as one of the top global business schools in Africa.
The Financial Times’ Executive Education 2018 list published in London showed that LBS ranked in the open enrolment and custom executive education categories alongside the most prestigious business schools across the globe.
The LBS Head, Corporate Communications, Mrs Aderayo Bankole, said that LBS now holds the second position in custom executive education and third position in open enrolment executive education providers in Africa.
Bankole said that LBS was the only African institution outside South Africa to make it to FT’s list.
According to her, other top business schools on the list are IESE Business School, Spain, Harvard Business School and University of Oxford.
Speaking on the ranking, Dr Enase Okonedo, Dean of LBS, said that the School aims to consistently provide the quality of education that earned it a place on the reputable list these past 12 years.
“Our vision is to be the business school with the greatest impact on the knowledge and practice of management in Africa and our continued appearance on the FT ranking list validates our efforts so far,” Okonedo.
She said that Lagos Business School was accredited by the Association to Advance Collegiate School of Business (AACSB) and the Association of MBAs (AMBA).
Okonedo said that the CEO Magazine also ranked Lagos Business School MBA programmes and LBS as the first and currently only business school in Africa to appear on the ranking.
Reports say that he Financial Times of London publishes annually a list of the best management programmes from business schools around the world, based on the quality of learning, staff and student diversity, growth in business and international reach.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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