Fire on Tuesday gutted a five-storeyed building housing different businesses at Balogun market, Lagos Island.
The fire started in the early hours of Tuesday.
Fire servicemen are currently on the ground, making frantic effort to put out the inferno.
As at the time of filing this report, the cause of the outbreak cannot be ascertained by our reporter.
In a video retrieved, shop owners were seen throwing their goods down from the unaffected parts of the building as others scampered for safety.