Porto-Novo
Porto-Novo was once a tributary of the Yoruba kingdom of Oyo, which had offered it protection from the neighbouring Fon, who were expanding their influence and power in the region. The Yoruba community in Porto-Novo today remains one of the two ethnicities aboriginal to the city. The city was originally called Ajashe by the Yorubas, and Hogbonu by the Gun.
The region around Porto-Novo produces palm oil, cotton and kapok. Petroleum was discovered off the coast of the city in the 1990s, and has since then become an important export. Porto-Novo has a cement factory. The city is home to a branch of the Banque Internationale du Bénin, a major bank in Benin, and the Ouando Market.
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