On March 16, 2000, a devastating fire broke out in the Sheik Abubakar Mahmud Gumi Market in Kaduna State,[citation needed] causing significant damage to the traders' shops and resulting in the loss of stalls, money, and goods worth millions of Nigerian naira.

[13][14] The Sheik Abubakar Mahmud Gumi Market has been plagued by unscrupulous elements who have transformed it into a profitable real estate venture.

Despite the challenges faced by the market, it continues to hold immense significance in the economic and social lives of the people of Kaduna State.

Following the fire in 2000, the government took initiative and rebuilt the market, highlighting its central role in supporting local businesses and providing a platform for economic activities in the region.

[15] On Wednesday, October 20, 2019, a destructive fire razed down several shops at Sheikh Gumi Market, located near Bakin Dogo (railway).