First Bank Launches Cloud Platform From October 26 With Service Disruptions

Published

2 years ago

October 24, 2024

Photo source: Google

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.

Aliko Dangote Speaks on His Children and Carrying on His Family Name

Published

5 days ago

September 15, 2026

Ese Ohwofa

Aliko Dangote speaks on his lineage and addresses not having a son as he was asked about not having a son to carry his name and achievements.

“That is not my priority because God controls everything. You can pray for God to give you a son, but he might be the one to take down the name of the family.”

Instead, he shared that he does not mind not having a son. “I don’t think a son would have done better than the three daughters I have.”

Aside from that, he was also asked about giving advice to young Nigerians. “Work hard, be consistent, focused and know what you want to do.”

Dangote Investment Draws Huge Traffic to Bamboo, Cowrywise Platforms

Published

5 days ago

September 15, 2026

Ese Ohwofa

It can be reported that following Aliko Dangote’s investment opportunity, some investment platforms are experiencing huge traffic, causing their platforms to become slow and go down.

Two platforms openly announced their issues. Bamboo said “Hey everyone, we’re getting a much higher than expected traffic trying to get into the Dangote IPO and it’s making it difficult for some users to log into the Bamboo app. We’re working on a fix and it will be up and running shortly.”

Cowrywise also said “We’re currently seeing more traffic than usual on the Cowrywise app. Our team is already on it and working to get things back to normal. Thanks for your patience, everyone.”

Business

Economist Bismarck Rewane Speaks on Dangote Refinery Investment

Published

1 week ago

September 11, 2026

Ese Ohwofa

Nigerian economist Bismarck Rewane advises Nigerians financially, sharing that Nigerians should engage in the Dangote Refinery initial public offering (IPO). He stated that it was a good investment.

He shared “You are better off with your N5,000 share than selling your PVC for N10,000 or N15,000 and consuming it,” Rewane said.

“If you can get 10 million shareholders to participate in the IPO, the Dangote Refinery will have the largest number of shareholders in the world,” he said.