First Bank of Nigeria has announced that it will transition to a new cloud-based procurement and financial platform, with migration scheduled to begin on Saturday, October 26, 2024.
This upgrade is part of the bank’s ongoing strategy to enhance operational efficiency and improve service delivery to its over 42 million customers.
The bank has warned of potential temporary disruptions during the migration, which will last until Sunday, November 3, 2024, with normal services resuming on Monday, November 4, 2024.
The upgrade will affect some banking services, including invoice submission through its current Electronic Business Suite.
Vendors are advised to submit invoices for purchase orders by Friday, October 25, as the current supplier portal will no longer be available after the migration.
First Bank explained that this system upgrade will bring enhanced capabilities and benefits, offering a more streamlined user experience.
The bank assured customers and vendors that further communication, including training and guides, will be provided before the system goes live.
This development follows a trend in the Nigerian banking sector, with several other major banks, including Zenith Bank and Guaranty Trust Bank, recently upgrading their core banking platforms to improve efficiency and service delivery.
