Business
First Bank Launches Cloud Platform From October 26 With Service Disruptions
First Bank has revealed its plans to adopt a new cloud-based system and financial platform.
This initiative is part of the bank’s commitment to enhance operational efficiency and improve service delivery to its customers.
The transition is set to commence on Saturday, October 26, and will lead to some temporary service disruptions.
First Bank, which serves over 42 million customers, communicated this change in a notice issued on Wednesday.
In the notice, the bank emphasized its continuous investment in improving operational efficiency and customer experience.
The shift from the current financial systems to a more advanced cloud-based platform aims to offer greater capabilities and benefits.
The bank has outlined the timeline for this transition.
The cut-over period will run from October 26 to November 3, during this period, specific activities and transactions will be temporarily halted.
This pause is necessary to facilitate a smooth and safe migration of transactions while minimizing disruption for customers and stakeholders.
On November 4, 2024, the new cloud-based solution is expected to go live, at which normal banking activities will resume.
During this transition, vendors will not be able to submit invoices through the existing Electronic Business Suite.
Also, First Bank has specified that payments will only be processed for invoices related to received purchase orders submitted by Friday, October 25, 2024.
Additionally, First Bank has indicated that its current supplier portal will cease operations starting November 4.
In certainty, the bank plans to offer further details about the new Supplier Portal and the associated job card before the system’s live date.
First Bank urges all vendors and partners to take proactive measures as outlined in their communication to prevent any potential business disruptions during this significant transition period.
They will also provide more information on onboarding, training sessions, and user guides before the week concludes.
Business
“Minimum Wage Can Buy a Bag Now” — User Claims Rice Price Falling in Nigeria
Nigerians react as a user claims and shares that the price of rice in Nigeria is already reducing.
“Rice prices are finally dropping, minimum wage can buy a bag now. Step by step, we’re getting there. Nigeria will work in our lifetime.”
It can be noted that rice was sold at ₦85k to ₦90k, however, according to a market survey, the price of rice has dropped to ₦56k to ₦62k.
Business
New Telecom that Allows Minutes Instead of Airtime for Calls Launches in Nigeria
Nigerians now have a new choice when it comes to making calls and browsing the internet. A new telecom company called LEBARA has launched in the country with a new idea. Instead of the usual airtime system that most networks use, this company is offering something different, subscribers will now buy call minutes and data directly.
What makes this different is that customers will only pay for what they actually use. If you buy 100 minutes, those minutes are yours until you use them up. If you make a call that lasts only 30 seconds, the rest of your time remains, leaving you with 99 minutes and 30 seconds. Nothing is taken away without your knowledge, and every second is accounted for.
The company is rolling out its services with the new 0724 number series, and it already has connections with all the major networks in Nigeria. This means subscribers will be able to call friends, family, and business contacts across MTN, Airtel, Glo, 9mobile and others without any problems. They have also been licensed as a Tier 5 Mobile Virtual Network Operator, which is the highest category approved by the Nigerian Communications Commission (NCC).
Company officials explained that the goal is to give Nigerians more freedom, fairness, and transparency. For years, people have raised concerns about airtime being deducted too quickly or without clear explanation. By introducing a minutes-based model, the new operator wants to end that problem once and for all. Subscribers can clearly see what they paid for, how much they have used, and what is left.
Business
Child Abuse Victim Begs Elon Musk to Stop Circulation of Abusive Content on X
Victim of child abuse pleads and urges American billionaire and businessman, Elon Musk, to halt the spread of a link that showcases her abuse on the social media platform, X.
The victim shared as she pleaded with Musk: “Hearing that my abuse — and the abuse of so many others — is still being circulated and commodified here is infuriating.”
The victim then expressed anger and disappointment that she is still reminded of her hurtful past and pleaded that Elon stop the link as he is the owner of the platform.
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