FirstBank fix Saturday for system migration 

First Bank of Nigeria Ltd, financial inclusion services provider has announced plans transition to a new cloud-based procurement and financial platform as part of its ongoing strategy to improve operational efficiency and service delivery to its customers.

The migration, according to the bank which scheduled to begin on Saturday, October 26, is expected to result in temporary service disruptions.

This move comes amid a wave of recent disruptions in the Nigerian banking sector, as several financial institutions undergo upgrades to their core banking systems.

Since September this year, four major banks in the country have switched their core banking applications, including tier-1 banks such as Zenith Bank and Guaranty Trust Bank, Sterling Bank and among others.

Part of the notice sent to the customer s, “As part of the bank’s continuous investments to improve operational efficiencies and service experience, we will be transitioning from our current procurement and financial platforms to a new cloud-based platform that provides additional capabilities and benefits.

“During the cut-over period, certain activities and transactions will need to be suspended to aid housecleaning and safe migration of transactions with minimal disruption.

“The cut-over period will be from Saturday, October 26, 2024, to Sunday, November 3, 2024, while the new cloud-based solution will be live on Monday, November 4, 2024, and normal activities will resume,” the bank stated.

The bank also pointed out that during the transition period, vendors would be unable to submit invoices on its current Electronic Business Suite, adding that payments will only be processed if invoices are submitted for received purchase orders by Friday, October 25, 2024.