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When we try uploading our artifacts for the first time in the nexus repository I get the following error

Error retrieving previous build number for artifact 'foo.bar:bar:pom':
repository metadata for: 'snapshot foo.bar:bar:0.0.1-SNAPSHOT' could 
not be retrieved from repository: InternalSnapshots due to an error: 
Authorization failed: Not authorized.

I double checked my nexus username and priveleges and verified them against those that are specified in maven settings.xml and found them to be proper. Is there anything else that I might be missing???