Some buildings inside Balogun market, located on Lagos Island are currently on fire.
The fire outbreak is reported to have started from Anambra Plaza at Martins area of the market.
The inferno, according to eyewitnesses have spread to about five structures and firefighters are currently battling to put out the blaze
Traders are however in a great panic as they are trying to salvage their goods and move to safety.
Other witnesses shared videos on social media, showing fire billowing from buildings in the crowded market.
This fresh incident comes a few months after some buildings inside Balogun market were in November gutted by fire.