Disaster struck the popular Dugbe Market in Ibadan Oyo State on Wednesday as a afternoon fire razed a building and some shops in the Lebanon wing of the market.
The fire reportedly started at about 1.20 p.m as traders struggle to save their wares.
Men of the fire service from both the Central Bank of Nigeria (CBN) and the state fire department were seen at the scene of the fire battling to the fire.
The Chief Fire Officer of the state Mr Moshood Adewuyi told that the service received a distress call around 1:30 pm, adding that a vehicle was sent there immediately to put out the fire. On getting there, the firemen realized the enormity of the fire and called for back up.
The combination of the efforts of the teams and two vehicles helped put out the fire at about 3:00 pm. But the shops were badly affected, leading to huge loss for the affected traders.
He said that only the ground floor of the story building was spared. The floor is used as a warehouse for building materials.
Adewuyi said the cause of the fire was yet to be determined as at press time.