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Nigerian Women Ranked Top Consumer Of Bleaching Creams In Africa

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Nigerian women have been identified as Africa’s top users of skin-whitening cosmetics.

Whitening creams are cosmetics that lighten the skin by reducing the amount of melanin or pigment in the skin.

Skin that is lighter is thought to be more attractive and to have greater social chances, such as marriage and job.

Women and people of color in every region are primarily served by the skin-whitening industry.

According to reports, women account for roughly 80% of all skin-whitening product sales worldwide.

Data drawn by CNN ranked Nigeria as the top consumer of these creams, with 75 percent of its women patronizing whitening products.

This is followed closely by Senegal at 60 percent, Mali at 50 percent, and Ghana at 30 percent.

The global market for skin whitening was put at an estimated $8 billion in 2020 and projected to increase by nearly half of that figure within six years to hit $11.8 billion by 2026.

Also, creams dominate the market for skin-whitening products and are expected to hit $6.6 billion by 2027.

The Asia-Pacific market accounted for over half of the global revenue (54.3%) from skin-whitening products in 2018 and is expected to grow the most.

The rest of the world accounted for (45.7%) within the same period.

China was projected as being among the fastest-growing markets for such products.

Whitening products often contain toxic ingredients which, when used cosmetically for long durations without medical guidance, can both damage the skin and cause life-threatening ailments.

The chemicals used to lighten skin vary greatly worldwide and are constantly evolving.

They include antioxidants such as glutathione, vitamin C, and collagen.

Three ingredients have been listed as being the most common in harmful whitening products worldwide.

They include steroids, hydroquinone, and mercury, all of which are heavily regulated in most countries.

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1 Comment

1 Comment

  1. Temitope Onigbinde

    January 26, 2022 at 10:14 pm

    Eleyi tun deep o

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BIG STORY

JUST IN: UAE President, Sheikh Khalifa Dies At 73

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The United Arab Emirates President Sheikh Khalifa bin Zayed Al-Nahyan died aged 73 on Friday, state media said, after battling illness for several years.

“The Ministry of Presidential Affairs condoles the people of the UAE and the Islamic world… on the passing of Sheikh Khalifa bin Zayed Al-Nahyan on Friday, May 13,” the official WAM news agency said.

The ministry announced 40 days of mourning with flags at half-mast from Friday, with work suspended in the public and private sector for the first three days.

Sheikh Khalifa took over as the UAE’s second president in November 2004, succeeding his father as the 16th ruler of Abu Dhabi, the federation’s richest emirate.

He has rarely been seen in public since 2014, when he had surgery following a stroke, although he has continued to issue rulings.

His brother, Abu Dhabi Crown Prince Mohammed bin Zayed, has been seen as the UAE’s de facto ruler in recent years.

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BIG STORY

Nigeria Rated 11th Most Miserable Country In The World

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Hanke’s Annual Misery Index has rated Nigeria as the 11th most miserable country in 2021.

According to the report, which analyzed 156 countries by calculating their unemployment rates, inflation, prevailing lending rates, and GDP growths, Nigeria went from 15th among the most miserable countries in the world in 2020 to 11th in 2021.

The figures, published on the verified Twitter handle of Steve Hanke, a professor of applied economics at John Hopkins University, showed that Nigeria was the fourth most miserable country in Africa last year, only behind Sudan, Zimbabwe, and Angola.

According to the report, the five least miserable countries were Brunei, Switzerland, China, Taiwan, and Japan. The United States ranked 95th, making it the 14th least miserable nation of the 108 countries on the table.

The latest report by the economic expert once again underlines the instability of Nigeria’s economy in the last seven years, captured by two recessions between 2016 and 2019.

According to the National Bureau of Statistics, the consumer price index (CPI), which measures inflation, increased to 15.92 percent year on year in March 2022. Figures by the NBS also pegged Nigeria’s unemployment rate at an all-time high of 33.3 percent.

The latest figures bring Nigeria’s misery index points to 49.22, a significant uptick from the 41.12 index points recorded at the start of Buhari’s term.

In a recent report titled, “Africa Faces New Shock as War Raises Food and Fuel Costs,” the International Monetary Fund, in its Regional Economic Outlook, said that it expected Nigeria’s economic growth to slow to 3.8 percent this year from last year’s 4.5 percent.

The report said the effects of Russia’s invasion on Ukraine would be deeply consequential, eroding standards of living and aggravating macroeconomic imbalances.

“We now expect growth to slow to 3.8 percent this year from last year’s better-than-expected 4.5 percent, according to our latest Regional Economic Outlook. Though we project annual growth to average four percent over the medium term, it will be too slow to make up for ground lost to the pandemic.”

Inflation in the region is expected to remain elevated in 2022 and 2023 at 12.2 percent and 9.6 percent respectively, the first time since 2008 that regional average inflation will reach such high levels, the report said.

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BIG STORY

Twitter: Commercial, Government Users To Pay For Usage – Elon Musk

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Twitter on Monday, April 25, confirmed the selling of the platform to Musk in a deal valued at $44 billion.

The sale was a dramatic shift for the board, which had originally maneuvered to block Musk from taking the social media network private.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a joint statement announcing the takeover.

But confirming fears by the majority that his takeover might lead to commercialization of the social media platform, Musk in a tweet in the early hours of Wednesday, said commercial and government users will pay for the platform.

He, however, said the micro-blogging site would “always” remain free for casual users.

Justifying his move to commercialize the platform for commercial and government users in a series of tweets, the billionaire entrepreneur said free services led to the downfall of great businesses.

He wrote, “Twitter will always be free for casual users, but maybe a slight cost for commercial/government users.

The entrepreneur in a reply to a tweet added, “Some revenue is better than none!”

In an earlier tweet, Musk said, “Ultimately, the downfall of the Freemasons was giving away their stonecutting services for nothing.”

Twitter will always be free for casual users, but may be a slight cost for commercial/government users

— Elon Musk (@elonmusk) May 3, 2022

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