Nickel was recovered from a fertilizer industry spent catalyst by leaching with nitric acid followed by nickel hydroxide precipitation. The optimization of temperature, initial acid concentration and particle size for leaching of the spent catalyst was done through 23 factorial design. A maximum extraction of 91.9% was achieved at 90 ℃, 1.5M HNO3 and 62.5 μm particle size. Temperature and acid concentration showed positive effect, while particle size showed no effect. A regression equation was developed and employed to predict conditions for 100% extraction which were experimentally tested. Nickel hydroxide was electrochemically precipitated from the leach liquor and its maximum discharge capacity was found to be 155 mAh/g. A 3-stage counter current leaching circuit was designed to obtain a leach liquor of suitable pH. XRD characterization of the precipitated Ni(OH)2 shows to consist of both α- and β-forms.