Buildings numbering about seven were on Wednesday destroyed in a fire outbreak that affected a section of Balogun market, located on Lagos Island.
The fire outbreak is reported to have started from Anambra Plaza on Martins street in the market and has spread to about six other structures.
Firefighters are currently battling it.
Traders are however in a serious panic as they salvage their goods from the windows of the high-rise buildings and scamper to safety.
Two of the buildings have caved in while there is no report of any casualty yet.