α-Olefins are essential chemical raw materials in the synthesis of emulsifiers, plasticizers, and other value-added chemicals, and ethylene oligomerization is the main method used for preparing α-olefins. However, catalysts employed in ethylene oligomerization have drawbacks such as poor selection of target products, catalyst particle aggregation, and deactivation. To prevent the aggregation of the catalyst and expose a large number of active sites, we propose an anchoring strategy to stabilize and uniformly disperse catalysts on multi-walled carbon nanotubes (MWCNTs). Hybrid catalysts (SCn@MWCNTs) fabricated using the strategy exhibited considerably higher catalytic performance compared with homogeneous Schiff base nickel catalysts (SCn) owing to the combined effects of MWCNTs and active nickel centers. Under optimal catalytic conditions (temperature: 25 °C; Al/Ni molar ratio: 500 (SCn); Al/Ni molar ratio: 700 (SCn@MWCNTs); pressure: 0.7 MPa), the activities of SC1 and SC1@MWCNTs were 6.56 × 104 and 8.25 × 104 g/(mol Ni·h), respectively. In particular, SC1@MWCNTs showed remarkable recyclability and catalytic stability.