Nibley was born in Hunterfield, Midlothian, Scotland to James Nibley and Jean Wilson. In 1855, his family moved to the United States to join with the main body of Latter-day Saints. They spent some time living in Rhode Island. In 1860, they moved to the Utah Territory. The family was sent north to settle in Cache Valley, and eventually settled in Wellsville. As an adult, Nibley moved to Brigham City, Utah, where he worked for Morris Rosenbaum and later became a partner in the store where he worked. It was there he met Rebecca Neibar and was married in 1869. Following the 19th century practice of plural marriage, Nibley married Ellen Ricks in 1880 and Julia Budge in 1885.
Business ventures
In 1879 to 1885, Nibley managed a lumber company that was part of the LDS Church's United Order program. He then joined with David Eccles and George Stoddard to form the Oregon Lumber Company in 1889. As one of Nibley's grandsons, Hugh Nibley, related, Charles Nibley used economic tricks, including manipulating the Homestead Act to acquire large swaths of land, then would pay off government agents who investigated. Nibley was a firm believer in monopolies, believing competition was "economic waste". He also believed that LDS Church members who didn't support paying higher prices to Mormon businesses were betraying the church. This attitude of loyalty was also supported by Heber J. Grant in the October 1919General Conference. Nibley also became involved in railroads, insurance, banking, politics, and major agricultural endeavors, eventually becoming a multimillionaire. The sugar beet growing town of Nibley, Oregon was named for him. He was later instrumental in forming the Amalgamated Sugar Company and the Utah and Idaho Sugar Company.
Church service
Missions
Nibley served two missions for the LDS Church. His first mission, from October 1869 to March 1870, was to the eastern United States and was primarily a goodwill mission, trying to counteract the negative press surrounding polygamy in Utah. His second mission, from May 1877 to May 1879, was to England and proved to be influential to later Church history. He traveled with the new mission president, Joseph F. Smith, and while serving in England became good friends with the future Church president.
Stake Presidency
After Nibley had moved to Oregon to participate in the lumber business, an LDS stake was organized in the area, and Nibley was called as the first counselor in the stake presidency. He served from June 1901 to December 1907.
Presiding Bishop
Nibley was called as the presiding bishop of The Church of Jesus Christ of Latter-day Saints in December 1907 by Joseph F. Smith, with whom he had served in England a few decades earlier. It was during Nibley's term as presiding bishop that the LDS Church built the Hotel Utah. "Charles W. Nibley was one of the most liberal industrialists of his time. But he had to compromise. Thus to finish the Hotel Utah, it was necessary to borrow $2,000,000, so President Smith sent Brother Nibley to Barney Baruch in New York to raise the money. He succeeded, and President Smith was delighted; but he was also alarmed when he heard the terms: it would all have to be paid back in two years. "Charley, what have you done? How in the world will we ever pay it back in that time?" Not to worry, they would have the whole thing paid off in two years. How? "I'm going to build the largest and finest bar in the West in the basement of the Hotel, and will see that we will pay off every penny of that debt." President Smith went through the ceiling; which was it to be, the Word of Wisdom or fiscal soundness? The dollar won"
First Presidency
In 1925, he was released as presiding bishop and was asked to be second counselor to Heber J. Grant in the church's First Presidency. He is one of the few individuals to serve in the First Presidency without having been ordained to the priesthood office of apostle.