The transition toward an electricity-driven world is testing electrical contact materials to their limits. Specifically, new alternatives are needed where composites that sacrificed conductivity in exchange for reduced weldability and higher heat dissipation sufficed. Carbon nanotubes (CNT) have the potential to close the gap as ideal fillers due to their outstanding intrinsic properties, pushing the application limits further. However, the reported electrical conductivity measurements show no clear tendency. In the present study, the authors attempt to shed some light on this matter by focusing on the causes behind those results. It is observed that the addition of 1 wt% CNT improves the conductivity of nickel, followed by a drop for higher concentrations, measured by four-point probe testing. Six nanotube orientation models describing different CNT arrangements are contrasted to the experimental data. Corrected values for nickel and CNT resistivities effectively place that of the composites close to the models, providing indications of a preferential orientation. It is concluded that, in contrast to what is widely reported, the main contributing factors to the resistivity are inter-tube coupling, porosity, and interfacial scattering, whereas clustering marginally influences the behavior.