Port Harcourt is readily an industrial city, built solely for business. Originating as a port for transfer of coal from the inner Enugu regions, it soon hosted a burgeoning trade in oil following the discovery in 1956 of crude oil in commercial quantity. Now, the city houses numerous multinationals who primarily engage in the oil business…and quite naturally has evolved an expensive lifestyle. Port Harcourt is the chief oilrening city in Nigeria, and is exclusively responsible for making Rivers one of the wealthiest states in Nigeria.
All the oil money certainly makes up for the expensive nature of the city, which is arguably the most expensive in the country. However, if you are looking to invest in the world's most volatile moneymaker, then Port Harcourt is your destination to consider.