Nikola Nikolov was born in 1960 in the town of Levski.
He finished the High School in Mathematics in Razgrad.
Nikolov graduated from the Higher Institute of Mechanical and Electrical Engineering (now Technical University) in Sofia.
He worked as research associate at the Institute for Applied Mineralogy in Razgrad and as director of the local Diamant plant.
1997 - deputy to the 38th National Assembly elected from the UDF.
Chief of the Committee of Economic Affairs and member of the Anti-Mafia Committee.