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First Bank Launches Cloud Platform From October 26 With Service Disruptions

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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.

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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.

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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.

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They will also provide more information on onboarding, training sessions, and user guides before the week concludes.


 

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Business

UBA Ranks 2nd in SME Banking And 3rd in Retail In West Africa

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The United Bank for Africa (UBA) ranks as the second place in SME banking and third in retail banking in the West Africa Banking Industry Customer Experience Survey.

The bank has impressed its customers since its progress from 2023, it jumped from the 14th position and is now in the 2nd position.

Oliver Alawuba, UBA’s Group Managing Director and CEO stated “This recognition is a testament to our ability to turn aspirations into achievements and challenges into victories.”

“At the heart of this success lies our unwavering commitment to the Customer First (C1st) philosophy. It is not just a slogan but the essence of who we are.”


 

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Business

NATPAN Calls For Federal Government to Deal With Tomato Post-Harvest Losses

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The National Tomato Growers, Processors and Marketers Association of Nigeria (NATPAN) requests the Federal Government to reduce post-harvest losses of the produce.

The chairman of NATPAN, Rabiu Zuntu stated on Tuesday that the government inference will cut down the post-harvest losses.

“Most farmers cannot afford loans for this equipment to aid reduction of post-harvest losses because they are smallholder farmers. The government can help tomato farmers reduce post-harvest losses by coming to their aid with interventions.”

“With the use of plastic crates for the transportation of tomatoes from one part of Nigeria to the other, the rate of post-harvest losses will be reduced.”


 

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Business

Errol Musk, Father of Elon Musk, Shows Interest in Buying Liverpool

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Multibillionaire Businessman, Errol, Father of Elon Musk has revealed his interest in buying Liverpool. The businessman has taken an interest in team’s business and will like to hugely invest.

However Errol has expressed concerns for the price, sharing his worries he stated that the current owners might increase the price.

“I can’t comment on that, they’ll raise the price! Oh yes, [he has expressed a desire], but that doesn’t mean he’s buying it.”

“He would like to yes, obviously. Anybody would want to – so would I. “His grandmother was born in Liverpool, and we have relatives in Liverpool, and we were fortunate to know quite a few of the Beatles because they grew up with some of my family. So, we are attached to Liverpool you know.”


 

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