The incident started Tuesday evening and lasted until Wednesday morning when security personnel arrived to interfere.
According to sources, numerous people on both sides of the conflict were injured to varied degrees during the altercation.
The two settlements are primarily made up of traders who bring cereals, fish, onions, tomatoes, and other things from the north to the famed Ogbese Market.
According to the research, residents of the communities primarily live in temporary buildings surrounding and within the market.
According to reports, the conflict was sparked by a scuffle between a Fulani and a Hausa at the market.
During the altercation, shops were also set on fire, damaging costly items.
The police stated that they were still investigating the reason for the altercation, but that quiet had been restored in the neighbourhood.
Funmi Odunlami, a police spokeswoman, said the incident was being investigated.
However, locals and businessmen who were spotted regretting the tragedy stated the two groups had always coexisted amicably.