The best replacement for nivo slider is flexslider.

The best alternatives to nivo slider are rated as following:
★★★★★  flexslider
★★★★  wow slider
★★  jquery cycle
★  coin slider

Your alternative for nivo slider is not listed? Suggest!
Speaking about nivo slider, one probably shouldn't forget about thumbnails.

Other search terms related to nivo slider and their ratings are:
★★★★★ thumbnails
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Google Trends

Scale is based on the average worldwide traffic of nivo slider in all years. Click on graph for more.
nivo slider
flexslider
wow slider