This faction represents the rebel army, they were called fascist because La Falange(fascists) was on his side.
There are several subfactions in this faction: CTV (italians), Condor Legion (germans), Regulares (moors), Viriatos (Portuguese) and Irish Volunteers, this two last with just one unit.
Apart from subfactions they have different types of combat groups, the regular army, the Army of Africa, La Falange and Requetés (Carlists).
Initally the Nationalist are cut in two and their main goal should be join these two parts (taking Badajoz and Mérida) and took Madrid (not easy). At the beginning of the main campaign they have several units of Requetes, Falange, Regular Army and some leaders, (initially the Republicans has just a few leaders). But the main strengh is the Army of Africa. These troops came from Africa via Options that we have to buy.
At the start of the game we can only form one Army, but at the end of 1936 a message will warn us that we form divisions and we can also make more armies. Use them wisely.
An interesting objective for the Nationalist is the Baque Country, there are some regions producing WS and more important, if we took the three Basque cities they will surrender and get off the game.