Nickel fine powders were prepared from nickel chloride aqueous solution containing ethanol as an organic solvent, and their oxidation behaviors were investigated. The reduction reaction by hydrazine from nickel chloride aqueous solution containing ethanol depend on reaction temperature. The reduction reaction time by hydrazine decreased with the increase of reaction temperature. By controlling reaction temperature, the products could be obtained spherical particles in the range of 0.1 $mu extrm{m}$~1.0 $mu extrm{m}$. Also, As reaction temperature increased from $40^{circ}C$ to $80^{circ}C$, the particle size slightly increased and had a broad size distribution owing to the presence of the coarse particles. The mean particle size and specific surface area of nickel powders prepared at $60^{circ}C$ were 0.3 $mu extrm{m}$ and 31.8 $m^2$/g, respectively. Weight loss of the powders at $300^{circ}C$ was due to composition of $_Ni(OH)2$. In case of heat treatment at $200^{circ}C$ in air, oxidation resistance of nickel powders was remarkable than that of as-synthesized.