The thermal conductivity of nanoscale nickel particles due to phonon heat transfer is extrapolated from thin film results calculated using nonequilibrium molecular dynamics (NEMD). The electronic contribution to the thermal conductivity is deduced from the electrical conductivity using the Wiedemann-Franz law. Based on the relaxation time approximation, the electrical conductivity is calculated with the Kubo linear-response formalism. At the average temperature of T = 300 K, which is lower than the Debye temperature D = 450 K, the results show that in a particle size range of 1.408-10.56 nm, the calculated thermal conductivity decreases almost linearly with decreasing particle size, exhibiting a remarkable reduction compared with the bulk value. The phonon mean free path is estimated, and the size effect on the thermal conductivity is attributed to the reduction of the phonon mean free path according to the kinetic theory.