Fire, on Thursday morning, gutted the Olowu spare parts market in Lagos.
Reports said some shops engulfed by the inferno contained air-conditioners for sale, parts of vehicles, and motorcycles, among others.
According to Vanguard, the traders lost goods worth millions of naira to the fire outbreak.
The men of the Lagos State Fire Service and security operatives have commenced work at the scene to bring the situation under control.
A similar fire incident occurred three weeks after Akere Spare Parts Market on Kirikiri Road, Olodi-Apapa in Ajegunle.