A nanocomposite of nickel oxide/carbon nanotubes was prepared through a simple chemical precipitation followed by thermal annealing. The electrochemical capacitance of this electrode material was studied. When the mass fraction of CNTs (carbon nanotubes) in NiO/CNT composites increases, the electrical resistivity of nanocomposites decreases and becomes similar to that of pure CNTs when it reaches 30%. The specific surface area of composites increases with increasing CNT mass fraction and the specific capacitance reaches 160 F/g under 10 mA/g discharge current density at CNT mass fraction of 10%.