Lagos Business School rated top business school

UGO AMADI, Assistant Business Editor

Lagos Business School (LBS) has once again been ranked as a top global school by the Financial Times (FT).

This is LBS’ eleventh consecutive appearance in the annual ranking of top business and management education providers in the world done by FT.

According to the FT’s Executive Education 2017 ranking published on Wednesday in London, LBS is ranked among the most prestigious business schools globally in two categories: open enrollment and customs executive education.

The Lagos Business School is one of only four schools in Africa that made the prestigious list.

Dean of LBS, Dr Enase Okonedo in her remarks, reiterated the commitment of the School to providing global standard business and management education.

“The FT ranking is further recognition of our continuous efforts at providing world class business and management education with local relevance to Nigeria and Africa. Our business school’s determination for excellence has also recently been recognized by our accreditation by the Association to Advance Collegiate Schools of Business (AACSB) and the association of MBA’s (AMBA).”

Dr. Okonedo also added that as part of plans to extend the benefit of LBS education to other Africans, the school had been admitting more non-Nigerian nationals to its programmes, and would also be extending its executive education to other African countries.

The 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.

Other schools that made this year’s ranking apart from Lagos Business School are the Harvard Business School, USA, the IESE Business School, Spain, and IMD in Switzerland. Others in Africa include the Gordon Institute of Business Science (GIBS), USB Executive Development and Graduate School of Business, all in South Africa.

Lagos Business School is situated in Nigeria’s commercial and industrial hub, Lagos.

The School was established in 1991, and is committed to teaching management with a humanistic approach, delivering general management education to high potential professionals, across all levels in organisations, in a wide range of industry sectors.

A premier business school in Africa’s largest country, LBS is uniquely positioned to develop visionary business leaders capable of maximising the high growth opportunities in key industry sectors to move Africa to economic prosperity. Over the years, LBS has collaborated with other business schools in Africa and around the world on programmes to develop responsible business leaders. LBS is a member of the Association of African Business Schools (AABS), the Global Business School Network (GBSN), the Principles for Responsible Management Education (PRME) and AACSB International – The Association to Advance Collegiate Schools of Business.   LBS has been ranked every year since 2007 by the Financial Times of London among the top 70 business schools in the world in the area of open enrolment executive education and custom programmes.  It is the only Nigerian school to attain this world ranking.  LBS is the business school of Pan-Atlantic University.

Sokoto rural communities get 172 electricity power transformers


Different communities in the 23 local government Council Areas of Sokoto state have been supplied with a total of 172 electricity transformers of various capacities at the cost of N623million.

Disclosing this Thursday while briefing Journalists, the state Commissioner for Rural Development, Alhaji Abdullahi Maigwandu, said the measure was to enhance access to electricity power supply to remote locations in the locality.

According to him, the state government plans to install 100 more electric power transformers to complement existing ones before the end of 2017.

“The categories distributed include 500 kva, 300 kva and 200 kva. Some local government areas got five while others got three depending on request”, he explained.

The Commissioner further said his ministry was also liaising with the Federal Government to ensure more communities are connected to the national grid.


For a better society

FCTA to harmonise taxes, eliminate cases of multiple taxations

The FCT Administration has put machinery in motion to harmonize taxes in the Federal Capital Territory to reduce cases of multiple taxations.
The FCT Minister, Malam Muhammad Musa Bello, stated this while receiving members of the Hotel Owners Forum, FCT Chapter that paid him a visit in his office at Area 11, Garki I District, Abuja.
The Minister said that one of the areas that have been of great concern to the FCT Administration is multiplicity of taxes; stressing that the Administration, the soon to be operational FCT Inland Revenue Services in concert with the Federal Inland Revenue Service will work out a modalities to harmonize all taxes.
His words: “One area that has been of great challenge to us is the multiplicity of taxes that FCT residents pay. It’s something that is of great concern and jointly with the Federal Inland Revenue Service together with the FCT Inland Revenue Service which will soon be operational, will work on what is already being done nationally so that we can harmonize all these taxes.”
According to him, “the ultimate goal is for businesses and organizations to just make one payment to a particular agency and that agency divides the payments to all the others. That way, you don’t have to communicate with five or six different people coming to you and you don’t know who is genuine and who is not genuine. I can assure you we are on the path towards being able to surmount that”.
Malam Bello revealed that in no distant future, the Administration would sort out all these problems of multiple taxations and give the residents a clear programme and roadmap as to what the collections are supposed to be.
He, however, warned that on no condition must any kind of tax be paid into private accounts because taxes are meant for the government.
“With regard to taxation, I want to clearly tell you now that any person that comes to you and says pay tax into a private account, don’t pay. Taxation is for government. Even if for any reason, taxes are being collected through consultants and so on, first and foremost, the taxes go to government coffers, then government pays the consultants. If you have a problem, report to me directly through your Association,” the Minister emphasized.
Malam Bello added, “On the issue of the tenement rate and area of the jurisdictions of the Area Councils, particularly AMAC, it’s something that is in the court, so I will not say anything right now. But what we are trying to do will take care of all these and everybody will be carried along”.
The Minister said that it’s a pity that of recent, the economic situation has affected almost every sector of the nation but that it’s a reality that nations go through and I think it’s not peculiar to Nigeria.
He, however, assured that the government of President Muhammadu Buhari is very conscious of the need to encourage the private sector because government alone cannot cater for the employment needs of all Nigerians.
Speaking earlier, the Chairman of the Board of Trustees of the Hotel Owners Forum, Eze Maxwell Omerra Kanu remarked that the Forum has about 250 Hotels in its membership and called on the Minister to help resolve problems of multiple taxations in the Federal Capital Territory.
Eze Kanu appealed to the Minister to assist in ironing out problems of Land Use Contravention where their members are usually charged very high on yearly basis.
He also called for the review of the Abuja Master Plan especially as it concerns Hotels and Hospitality industry to provide more plots of land for such facilities.

Fuel scarcity: DAPPMA urges FG to pay members


  It seems the fuel scarcity being witnessed by Nigerians may linger following the non- payment of oil marketers by the Federal Government.

The oil marketers under the aegis of Depot and Petroleum Products Marketers Association (DAPPMA) are demanding for the payment of huge sums of monies owed by the federal government in order for its members to remain in business. Continue reading “Fuel scarcity: DAPPMA urges FG to pay members”

Against all odds Access Bank shops for N52.6bn from capital market

Stories by Festus Akpobor

IN what some analyst as a bold move designed to test the confidence of shareholders on the bank’s performance, the board of directors of Access Bank Plc announced last week the commencement of a  Rights Issue offer expected to generate a gross of N52.6 billion. In this report Festus Akpobor takes a look at the issues surrounding the offer and why it is strategic for it to be successful. Continue reading “Against all odds Access Bank shops for N52.6bn from capital market”

Russian central bank makes surprise cut in interest rate

Russia’s central bank unexpectedly cut its main interest rate on Friday as fears of recession mount in the country following the fall in global oil prices and Western sanctions over the Ukraine crisis.
The bank reduced its one-week minimum auction repo rate by two points to 15 percent, a little over a month after pushing it up by 6.5 points to 17 percent after a run on the rouble. Continue reading “Russian central bank makes surprise cut in interest rate”