The energy bands in ferromagnetic nickel have been calculated within the framework of the unrestricted Hartree-Fock scheme, in which the exchange terms were approximated by a local potential. The augmented-plane-wave method was used to find the eigenvalues of the approximate Hamiltonian, and self-consistency was achieved after several iterations of this method. It was found that the use of the averaged free-electron exchange potential, i.e., V̄x(s)=- 6(6ρs8π)13, gave results in qualitative disagreement with experiment. Reducing the exchange potential by a factor of 23 gave more realistic results. Comparisons with the experimental data are presented which show that the unrestricted Hartree-Fock scheme may be an acceptable model for the ground state of a ferromagnetic solid.