One policeman was killed on Tuesday after the front part of one of the burning buildings on Lagos Island collapsed on him.
The policeman reportedly died while he was trying to control the surging crowd at the scene of the fire.
Apart from the live lost, traders lost some of their goods in the inferno.
This is not the first fire outbreak, neither would it be the last, hence there is a need to be equipped with knowledge of what to do when fire breaks out.
Below are a few tips you can use to survive a fire incident from the American Red Cross Society:
1. Keep potential sources of fuel like paper, clothing, bedding or rugs at least three feet away from sources of fire.
2. If fire break out indoors (or in a closed space) remember to get out and scream for help. Call emergency services too.
3. If you live in a building with elevators, use the stairs. Leave all your things where they are and save yourself.
4. If closed doors or handles are warm or smoke blocks your primary escape route, find another way.
5. Never open doors that are warm to the touch during a fire incident.
6. If you must escape through smoke, get low and go under the smoke to your exit. Remember to close doors behind you, it helps to slow down the spread of the fire.
7. If smoke, heat or flames block your exit routes, stay in the room with doors closed. Place a wet towel under the door and call the firefighters or open a window and wave a brightly coloured cloth or flashlight to signal for help.