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JAPA: Canada Set To Launch New PR System For Skilled Workers.

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Alberta, a Canadian region, will introduce a new permanent residency scoring system on September 30th, 2024, targeting individuals seeking to apply for the province’s worker immigration streams.

This move is part of the Alberta Advantage Immigration Program (AAIP), which aims to streamline the selection process for skilled workers.

According to Immigration News Canada (INC), the AAIP’s new system will better align candidate profiles with Alberta’s current labour market needs.

This is expected to improve the process of attracting skilled workers necessary for the province’s economic growth.

The AAIP Worker EOI System Features

According to reports, the Worker Expression of Interest (EOI) system provides a fee-free opportunity for eligible candidates to submit their qualifications.

Candidates will detail their education, work experience, and skills, which will be scored and ranked against other applicants.

  • No Fees Involved: Submitting a Worker EOI will not incur any fees, making it an accessible option for all qualified individuals.
  • Scoring System: Candidate profiles will be evaluated based on various factors including education, language proficiency, work experience, age, and family connections in Alberta.
  • Regular Draws: The AAIP plans to conduct ongoing draws from the Worker Stream pool, selecting candidates according to their EOI scores and Alberta’s labour market demands.

The EOI Submission Process 

INC reports that candidates will self-declare their qualifications through the AAIP portal.

Meaning that candidates will provide information about their education, skills, and work experience themselves using the AAIP online application system. This self-declaration allows them to present their qualifications directly without needing external verification at that stage.

The EOI form requires comprehensive information, evaluated using a points grid.

  • Points Grid: Each factor contributes to an overall score out of 100. The scoring system includes categories such as education, language skills, and work experience, with varying maximum points available.
  • Draw Schedule: Draws for selected candidates will begin in mid-to-late October 2024, allowing candidates ample time to prepare their submissions.

The Points Grid Breakdown

The Worker EOI points grid is essential for candidates, as it determines eligibility and ranking for selection.

  • Education: Up to 22 points can be awarded based on education level. A doctorate earns 12 points, while bachelor’s degrees and diplomas score 7. Completing education in Alberta adds 10 points.
  • Language Proficiency: Candidates need a minimum of, CLB 4, which is Canadian Language Benchmark in English or NCLC 4 in French. Higher proficiency can score up to 13 points.
  • Work Experience: A maximum of 21 points can be earned through work experience.
  • Family Connections: Up to 8 points are available for having immediate family members in Alberta, enhancing chances for those with local ties.
  • Economic Factors: Holding a job offer in Alberta can provide up to 31 points, especially for roles in high-demand sectors.
  • Age (maximum 5 points):

Candidates aged 21 to 34 receive 5 points, while other age groups earn fewer points.

 Submission Preparation

Candidates are advised to take specific steps before submitting their Worker EOI to enhance their chances of success.

  • Eligibility Confirmation: Review the eligibility criteria for AAIP worker streams and ensure compliance.
  • Familiarity with Points Grid: Understanding the scoring system is crucial for maximizing potential points.
  • Account Management: Only one EOI can be active at a time, so it is essential to withdraw any existing applications before submitting a new one.

The new Worker EOI system is designed to align Alberta’s immigration processes with its labour market demands. As the launch date approaches, candidates are advised to assess their qualifications and prepare accordingly.

By aligning their EOIs with the province’s needs, applicants can improve their chances of receiving an invitation to apply. For additional details and updates INC encourages candidates to visit the official AAIP website.

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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