The Magpies had seven tricky games to contend with in the month, but Nolan led them to six wins, only falling at the final hurdle with defeat at bitter rivals Mansfield Town.
At present, Notts remain top of League Two with eight wins from 11 league games, a remarkable turnaround from the side that notched up a horror 10-match losing run late last year and heading into 2017.
Nolan told the official club site: "This is an extremely proud achievement for me, my staff and my players, who have all made a massive contribution.
"There's no way I could do this job without Richard Thomas, Mark Crossley and everyone who has supported me behind the scenes. They all thoroughly deserve this recognition.
"I would also like to thank the chairman once again for the amazing backing he has given me, not only this season but since our arrival in January."
Nolan fended off competition from Exeter’s Paul Tisdale, Accrington’s John Coleman and Coventry’s Mark Robins in what is the first manager of the month award of his career.
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