First bank announced plans to migrate to new software

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First Bank has announced plans to migrate
to a new cloud-based procurement and financial platform starting Saturday, October 26, 2024. This transition aims to enhance operational efficiency and service delivery, but will result in temporary service disruptions. 


The migration follows a trend in the Nigerian banking sector, with several major banks, including Zenith Bank and Guaranty Trust Bank, recently upgrading their core banking systems. During the cut-over period, from October 26 to November 3, certain activities and transactions will be suspended to ensure a smooth transition.


Vendors are advised that they will be unable to submit invoices through the current Electronic Business Suite during this period, and payments will only be processed for invoices submitted by October 25. The existing supplier portal will be discontinued on November 4, and First Bank will communicate further details about the new Supplier Portal prior to its launch on November 4.

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