The Central Bank of West African economies has raised alarm over recent developments in the global economy that have drastically reduced investment yields.

CEOAFRICA news desk gathered from the highlights by Tunde Lemo, Deputy Governor, Operations, Central Bank of Nigeria (CBN) that their major concern is particularly how to generate income from foreign exchange reserves without compromising the reserve management objectives of safety and liquidity which comes far ahead of returns.

The Central Bank of the West Africa sub-region has in the quest began a week-long regional course on how to optimise reserves and foreign exchange management for income generation.

The West African Institute for Financial and Economic management (WAIFEM) had organised this course which as expected would build the capacity, sharpen the skills of the participants and equip them with the necessary tools to meet these challenges.