The yearly report just released by the Government of Canada has revealed that Nigeria ranks third in the rating of the countries with the highest number of Express Entry invitations to Canada in 2018. This is revealed in the 2018 report released by the Canada Government.
According to the report, a total number of 6,025 Citizens of Nigeria received invitations to apply (ITAs) for Canadian Express Entry in 2018. It was further revealed that Nigeria is just behind China who recorded 6,248 ITAs in 2018.
Overall, Nigeria and China are distant second and third to India. India ranks first as 41,675 citizens of India dominated Express Entry invitations in 2018, receiving 46% of all ITAs issued.
Software Engineers took the lead: Further breakdown of candidates invited for express entry shows that Software Engineering was the most common occupation among those who received ITA last year, displacing Information Systems Analysts and Consultancy, which fell to second place.
Also, Computer programming remains the third most common occupation, followed by financial auditing and administrative assistance.
Factors considered for selection: The Immigration, Refugees and Citizenship Canada (IRCC)’s data shows that 51% of Express Entry candidates who received invitations in 2018 were between age 20 and 29.
In terms of education, 48% had a Master’s degree or entry-to-practice professional degree and another 42% had a post-secondary credential of three years or longer.
Similarly, the majority of candidates (60%) had no Canadian work experience, while 39% had five years or more of foreign work experience.
David Cohen, a senior partner with the Campbell, Cohen Canadian immigration law firm in Montreal, said, “The evolution of Canada’s Express Entry system has been thrilling to experience and 2018 was no exception, as this report makes clear.
More than 90,000 foreign workers and their families were welcomed to Canada last year through Express Entry, an unprecedented number that we may see upstaged in the future given the higher targets that Canada has set for 2019 and 2020.”
Preferred Destination: IRCC also noted that Ontario, which is home to major cities such as Toronto and Ottawa, was the destination province for 64% of all candidates who applied for Canadian permanent residence through Express Entry in 2018.
Meanwhile, Nova Scotia, New Brunswick and British Columbia all saw increases in provincial nomination category, which is the single most valuable factor under the Express Entry system.
Why this matters: Many Nigerians are always on the lookout for immigration opportunities, especially to countries such as Canada. For such people, news like this serves as a source of encouragement, whilst also informing them of the right way to go about their immigration processes.
In view of the serious economic hardship in countries such as Nigeria, many people will continue to look for greener pastures elsewhere until the Government takes the right steps towards remedying the problem.
Covid-19: US economy grappling with 10 million job losses, adds 379,000 jobs in February
The Covid-19 pandemic has led to the mandatory lockdown of major businesses and factories in the US.
The World’s biggest economy is grappling with the loss of 10 million jobs due to the Covid-19.
The Covid-19 pandemic led to the mandatory lockdown of major businesses and factories in the country. This meant downsizing for most companies who could not continue paying salaries with no incoming revenue
According to the Nasdaq, the unemployment rate in the United States economy was at its highest in April last year, reaching a record high of 14.7%. The unemployment rate dropped to 6% but that is still a significant number.
According to CNN, the US economy added 379,000 Jobs in February this year. This is a clear sign of the world biggest economy getting back on track. Although the US economy is still missing around 9.5 million jobs since the beginning of Covid-19.
According to Nasdaq, the most affected industries in the Covid 19 economic decline is the Hospitality and Outdoor industry. Hotels and restaurant workers were mostly put out of jobs. They also fall into a category regarded as the long-term unemployment category. This category is used to define those who have been without a job for 27 weeks.
Big government to the rescue
The United States government has rolled out the following packages to cushion the effect of the Covid 19:
- The Joe Biden Administration has postulated a 1.9 trillion Covid Relief Package for Americans. The Bill made it through a house vote and now needs to pass the senate-house too.
- Jobless American workers will be entitled to an extra $400 a week.
- The Joe Biden new relief bill will also contain a $1,400 stimulus check for citizens.
What to know
- The US economy is gradually shifting to the post-Covid-19 era adding 379,000 jobs in February alone. It added a paltry 166,000 jobs in January.
- The United States major economic rival China is already in the post-Covid-19 era, the only major economic country in the post-Covid-19 era.
Jack Dorsey’s Square set to acquire majority stake in Jay Z’s Tidal for $297 million
Jack Dorsey’s company, Square set to acquire Tidal, the streaming music service owned by Jay-Z for a $297 million deal.
Square, the mobile payments company owned by Jack Dorsey, announced on Thursday its plan to acquire a “significant majority” of Tidal, the streaming music service owned by Hip-hop music mogul, Jay-Z.
Square said it expects to pay $297 million, in a combination of cash and stock, for a stake in Tidal. Shawn “Jay-Z” Carter will join Square’s board, subject to the closing of the transaction while Tidal will operate independently within Square.
Existing artist shareholders will still remain stakeholders. Other Tidal artist-owners include Beyoncé, Alicia Keys, Coldplay’s Chris Martin, Kanye West, Madonna, Nicki Minaj, and Rihanna.
In a tweet made by Jay-Z today, he highlighted that “from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers. Artists deserve better tools to assist them in their creative journey.”
He also commented that “Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities have made me even more inspired about its future. This shared vision makes me even more excited to join the Square board.
“This partnership will be a game-changer for many. I look forward to all this new chapter has to offer!”
Jack Dorsey, who is CEO of both Square and Twitter, also commented on this deal “comes down to one simple idea: finding new ways for artists to support their work.”
“New ideas are found at intersections, and we believe there’s a compelling one between music and the economy. I knew Tidal was something special as soon as I experienced it, and it will continue to be the best home for music, musicians, and culture.”
Jesse Dorogusker, a Square executive will lead Tidal on an interim basis. He added that Square will offer financial tools to help Tidal’s artists collect revenue and manage their finances. “There are other tools they need to be successful and that we’re going to build for them,”.
What you should know
- Last month, Jack Dorsey and Jay-Z announced a Bitcoin fund focused on developing the cryptocurrency’s adoption in Africa and India.
- In 2017, Sprint bought a 33% stake in Tidal. This week, Jay-Z bought back those shares from T-Mobile (which acquired Sprint).
- Last month, Jay-Z announced that he would sell 50 percent of his champagne company, Armand de Brignac — better known as Ace of Spades — to LVMH Moët Hennessy Louis Vuitton amid a downturn in the entertainment industry caused by the pandemic that has affected some of Jay-Z’s holdings.
Nairametrics | Company Earnings
Access our Live Feed portal for the latest company earnings as they drop.
- Seplat falls into a loss in FY 2020
- 2020 FY Results: Cornerstone Insurance Plc reports a 61.1% decline in profit
- Ellah Lakes increases operating expenses by 33.36% in HY 2020
- 2020 FY Results: Nigerian Breweries reports a 54.3% decline in profits in 2020
- Abbey Mortgage Bank projects N51.08 million profit in Q2 2020.