Authorities of the University of Ibadan (UI) on Saturday said the National Universities Commission (NUC) has approved the establishment of its School of Business.

This is contained in a statement by Mr. Olatunji Oladejo, the university’s Director of Public Communications, and made available to newsmen in Lagos.

The statement said the approval was conveyed to the university in a letter signed by the commission’s Director of Standards, Dr. G. Kumo.

It stated that the approval was sequel to the recent resource evaluation visit carried out by a panel of experts from the NUC to the university on its proposed School of Business.

It said the panel had assessed the human and material resources available for the establishment of the school.

“The school will run executive Master’s in Business Administration (MBA) with specialisation in telecommunications, agribusiness, oil and gas, effective from the 2015/2016 academic session,” Oladejo said.

The statement also stressed that further inclusion of options would require the express approval of the commission.

“All programmes shall bear only the approved titles and nomenclatures (MBA Telecommunications), etcetera and any change will require the approval of the commission,” it said.

The Vice-Chancellor of the institution, Prof. Isaac Adewole, has commended the NUC for the approval. (NAN)

•Photo shows UI Vice-Chancellor, Prof. Isaac Adewole.