Pandemonium reportedly broke out in communities near Ikeja on Friday.
Protests were reported in Ojota, Agege, Ikorodu, apparently over the naira scarcity that has gripped the entire country in recent weeks.
However, the police have responded to the situation, deploying men to troubled spots.
CSP Yinka Egbeyemi led officials to Ibafo along the Lagos-Ibadan Expressway after “hoodlums” had reportedly blocked the road, causing traffic.
New commissioner of police in Lagos state, Idowu Owohunwa, also made an on-the-spot assessment of the situation in Mile 2 and other areas.
“Troublemakers will surely be dealt with while law abiding citizens will be protected,” Owohunwa said, as quoted by police spokesperson, Ben Hundeyin.
The identity of those behind the protests are yet unknown but frustration has built across Nigeria as citizens find it difficult to purchase essentials due to the scarcity of the naira.
There were reports of commuters stranded at bus-stops across Lagos this week with commercial bus operators refusing to accept the old naira notes.
President Muhammadu Buhari on Thursday ordered that old N200 naira notes be recirculated for the next 60 days but it is still unclear if the move will alleviate the currency crunch.
On Wednesday, violent protests were reported in Edo, Delta and Oyo states.
Protests were also recorded in Rivers State on Friday.