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Nichol's 2002 Edinburgh Festival Fringe show Things I Like I Lick was nominated for the Perrier Award. In 2006, Nichol won the if.comedy award (successor to the Perrier) with a show entitled The Naked Racist which he performed at The Stand; he later performed the same show at the Melbourne International Comedy Festival. In 2007, Nichol was nominated for Best Headliner at the Chortle Awards.
On 23 September 2007, he was a last minute replacement to host the second half of the charity show A Seriously Funny Attempt To Get The Serious Fraud Office In The Dock.
In 2014, Phil released his first album of comedic songs since his days in Corky and the Juice Pigs called Late Night Electric Watermelon. It can be downloaded for a small fee from Bandcamp, and his own website.
In 2005, Phil Nichol performed his one-man show of "Nearly Gay," a show about being a straight man with a predominantly gay social group, at the Edinburgh Fringe, to positive critical reviews in the mainstream media. Nichol has stated that the show was partly conceived in response to fellow comic Scott Capurro angrily and repeatedly interrupting a rendition of "Eskimo" - a song about a gay Eskimo with a rubber fetish wishing for whaleskin tights - stating that it was homophobic; Nichol stated that the song was written to "express solidarity." The "Nearly Gay" material itself has been described as Nichol "ranting about queers" and "recounting Nichol's drunken effort to cop off with a transsexual" in a four-star review by The Guardian.
At the 2012 Edinburgh Festival, Nichol appeared in a one-off performance at the Traverse Theatre for Theatre Uncut's season of radical playlets, playing an advertising executive representing a global corporation, in Indulge by the Icelandic playwright Andri Snaer Magnuson.
In 2006, Nichol featured in the first series of Rob Brydon's Annually Retentive, playing a member of the production team.
Nichol appeared on a special edition of the UK game show The Weakest Link in 2007, featuring comedians. On being voted off he stripped naked before taking the 'walk of shame'. Host Anne Robinson joked on Outtake TV that 'it was disappointing because he only had a small part'.
He also appeared on Series 19 of Never Mind the Buzzcocks. On 21 November 2007, he featured as a guest and musical artist on The Graham Norton Show, performing a tribute to his fellow guests The Dukes of Hazzard actors Tom Wopat, John Schneider and Catherine Bach, as well as a further song to a woman whom he described anecdotally as "a stalker of his".
Nichol is currently the narrator for the late night comedy clipshow "What The F***?!!"