Nikolay \n(i)-ko-lay\ as a boy's name is a variant of Nicholas (Greek), and the meaning of Nikolay is "people of victory".

The baby name Nikolay sounds like Nikolai, Nikkolay and Nicolay. Other similar baby names are Nikolas, Nikolos, Nikolaus, Niklas, Nikkolas, Nicolas, Nicolao, Nicolai, Nicola and Nickolas.