The Nigerian Mutual Fund Managers Transparency report sets out to ascertain the transparency level of Nigerian mutual fund managers, by evaluating the nature and extent of information disclosed by each of them on the mutual funds they manage. Our findings show that the top five (5) transparent fund managers, in the order of their ranking, are FBN Capital Asset Management Ltd, AXA Mansard Investment Ltd, Vetiva Fund Managers Ltd, ARM Investment Managers Ltd, and Lotus Capital Ltd.