Well-defined nickel hydride complexes bearing arylsubstituted α-diimine ( iPr DI = N,N′-bis(2,6-diisopropylphenyl)-2,3-butanediimine or Mes DI = N,N′-bis(2,4,6-trimethylphenyl)-2,3butanediimine) ligands have been synthesized and studied for the oligomerization of linear internal olefins. Neutral diimine nickel hydride dimers, [( iPr DI)Ni(μ 2 -H)] 2 (1) and [( Mes DI)Ni(μ 2 -H)] 2 (2), were explored as synthetic entries to monomeric cationic hydride complexes; however, the dimeric structure was preserved upon oxidation with ferrocenium tetrakis[3,5-bis(trifluoromethyl)phenyl]borate ([Cp 2 Fe][BArF 24 ]). The monocationic nickel hydride dimers, [( iPr DI)Ni(μ 2 -H)] 2 [BArF 24 ] (3) and [( Mes DI)Ni-(μ 2 -H)] 2 [BArF 24 ] ( 4), were characterized by X-ray diffraction, electron paramagnetic resonance, and nuclear magnetic resonance spectroscopies that support a mixed-valent nickel(I)−nickel(II) assignment. The catalytic activity of 3 and 4 for the oligomerization of 1-hexene, trans-2-hexene, and trans-3-hexene was determined and showed decreased activity as compared to the corresponding nickel dibromide precatalyst activated by methylaluminoxane.