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.

OPay Introduces New Security Features for Customers

Published

1 day ago

June 29, 2026

Ese Ohwofa

Nigerian fintech company OPay has introduced new security features to improve the safety of its application.

The company unveiled the Emergency Lock and Safety PIN features to give customers better control over their funds and provide added protection against fraud and unauthorized transactions.

The Emergency Lock feature allows customers to instantly freeze their OPay account with a single tap whenever they sense a threat or believe their account may be at risk.

The newly launched Safety PIN introduces an additional layer of security, helping customers protect themselves in situations where they may be forced to make a transfer or payment against their will.

Nigeria’s Agricultural Sector Cannot Thrive Without Investment – FG

Published

6 days ago

June 24, 2026

Ese Ohwofa

The Federal Government of Nigeria has spoken on the agriculture sector of the country and shared that, in its current state, it needs more capital as it cannot stand alone without it.

They stated that even more capital will be needed in order to transform the agricultural sector and improve food production in Nigeria.

“Relying solely on public capital will not suffice to finance the transformation of Nigeria’s agricultural sector. Similarly, private capital will not be mobilised at the necessary scale unless the associated risks are comprehensively understood, appropriately allocated, and effectively managed.”