To improve the anti-wear and friction-reducing properties of self-lubricating coatings, Ni60/Nickel-coated graphite/TiB2 composite coatings with different contents were prepared by laser cladding. The coating properties were characterized by X-ray diffractometer (XRD), scanning electron microscope (SEM), energy spectrometer (EDS), electrochemical workstation, micro-Vickers hardness tester, and friction and wear tester. The results showed that with the increase in TiB2 content, the graphite morphology changed from spherical at 0 wt.% TiB2 content to a little black graphite alone at 14 wt.% TiB2 to irregular agglomerates at 22 wt.% TiB2. Furthermore, the hardness of the coatings increased with increasing TiB2 content, and the 63% Ni60 + 15% nickel-coated graphite + 22% TiB2 coating had the highest hardness. TiC and Cr7C3 were generated in the coatings with the addition of nickel-coated graphite, creating a dispersion reinforcement effect, so that the hardness of these coatings was higher than that of the 86% Ni60 + 0% nickel-coated graphite + 14% TiB2 coating without the addition of nickel-coated graphite. In addition, the 71% Ni60 + 15% Ni-coated graphite + 14% TiB2 coating had the lowest friction coefficient, wear loss, and wear volume, thus exhibiting excellent friction reduction and anti-wear properties. The 71% Ni60 + 15% nickel-coated graphite + 14% TiB2 coating had excellent corrosion resistance.