No fewer than 91 shops were affected in the inferno, which gutted the popular fabric market in Oshodi, Lagos on Thursday night.
The fire, which started around 8:00pm, was put off on Friday morning.
The fire was contained following the combined efforts of emergency officials, including the state Emergency Management Agency and Lagos Fire Service.
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Aside the 91 shops lost to the inferno at Cairo Market, four administrative offices and goods worth millions of naira were destroyed.
LASEMA Director-General, Dr Olufemi Oke-Osanyintolu, in a preliminary report said, “Upon arrival at the scene of the incident, some lock-up shops were on fire.”
He also confirmed that some explosive devices were found at the market, saying an investigation was ongoing.