Studies of methanol electrooxidation reactions have achieved considerable advancements in the recent years for their encouraging contributions in the exciting fields of energy conversion and storage, organic syntheses, wastewater treatment, sensing, medicinal and environmental analyses, and many others thriving fields of modern technology. Accordingly, the fabrication of less expensive, efficient and decent quality electrocatalysts with high material stability, faster electro‐oxidation kinetics, as well as less carbonation and decent corrosion inhibition activities are highly urged. Consequently, scientists around the globe are in continuous search for alternative economical smart anode‐nanocatalysts for methanol oxidations with superior electrochemical performances. In the recent years, various inexpensive and readily‐available nanocatalysts of non‐noble metals like Ni, Co, Cu, etc., in reference to electrooxidation of organic molecules have been reported. The present work highlights the recent progress accomplished by rapidly flourishing nickel‐based electrocatalysts for electrooxidation of methanol. The discussion comprehensively includes the basic mechanistic understandings and fundamentals for achieving high efficacy of methanol electrooxidation with nickel‐based electrocatalysts. Also, the current challenges faced in this emerging area have been outlined to achieve superior, productive, and commercially viable catalysts for methanol electrooxidation in the near future.