MAN BRUTALISES HIS PREGNANT WIFE IN ANAMBRA . (VIDEO/PHOTO).

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 Man brutalises his pregnant wife in Anambra  In another case of domestic violence, a pregnant woman was brutally beaten by her husband in Ichi, Ekwusigo Local Government Area of Anambra State. The mother of three identified as Chinelo Francis, from Ebonyi State, said trouble began when she requested money from her husband, Peter, to prepare food.  According to the young woman, she had already bought vegetable with the profit she made from her shop. Peter, also from Ebonyi, claimed he didn’t make money that day and took the children home.  He returned to her shop at around 8:00 PM and insisted she close up and come home with him.  She refused, explaining that the time was when she typically made most of her sales.  Later, she closed up her shop, went home at 9:30 PM, prepared the children for bed, and retired. The interviewer urged her to go straight to the point, asking when the assault occurred. The woman said it happened that night.  The attack left...
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BANKS TO REPORT TRANSACTIONS ABOVE N5M MONTHLY UNDER NEW TAX LAW EFFECTIVE 2026.(PHOTO).

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BANKS TO REPORT TRANSACTIONS ABOVE N5M MONTHLY UNDER NEW TAX LAW EFFECTIVE 2026.


Nigerian banks have been mandated to report all customer accounts with monthly transactions exceeding N5 million to the country’s tax authorities, according to the latest update from the National Orientation Agency (NOA).

This directive was part of a sweeping tax reform signed into law, aimed at improving tax compliance, curbing financial irregularities, and aligning Nigeria’s fiscal structure with global standards.

The new requirement, outlined in Section 30 of the 2025 Tax Reform Act, places commercial banks at the forefront of a major financial transparency push. Banks will be required to monitor and report high-value transactions on a monthly basis to the Federal Inland Revenue Service (FIRS) and other relevant tax bodies.

Announcing the update via its official X (formerly Twitter) handle, the NOA stated that this measure is part of broader reforms to ensure that taxable income does not escape regulatory oversight. 
Analysts said the move could significantly improve the government’s ability to track unreported income and enhance revenue generation from the informal and high-net-worth segments of the economy.

In addition to mandatory transaction reporting, the reform introduces several taxpayer-friendly provisions aimed at easing the burden on low- and middle-income Nigerians:

Individuals earning up to N800,000 annually (N66,667 per month) are now exempt from personal income tax, up from the previous threshold of N500,000. This change is designed to protect low-income earners and support cost-of-living relief.

It further explains that Section 31 of the Act now exempts capital gains on the sale of a primary residence. Additionally, under Section 50, compensation up to ₦10 million for injury, job loss, or defamation is excluded from taxable income, offering broader financial protection to affected individuals.

The reform also introduces a new value-added tax (VAT) distribution

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