The present study reports Bi5FeTi3O15 (BFTO) nanofibers/graphene (Gr) nanocomposites (BGr) as counter electrodes (CEs) in dye-sensitized solar cells (DSSCs). BFTO nanofibers with diameters of 40-100 nm were fabricated by sol-gel based electrospinning technique. The microstructure and surface morphology of the BFTO nanofibers and the BGr nanocomposites were characterized by X-ray diffraction, scanning electron microscopy and transmission electron microscopy. The electrochemical performances of BGr CEs were comprehensively characterized and investigated. Compared to pristine BFTO, the nanocomposites have a marked improvement in electrocatalytic performance for the reduction of triiodide because of larger surface area and lower transfer resistance on the electrolyte-electrode interface. The maximum power conversion efficiency has reached 9.56%, which is much larger than that of pure BFTO CEs (0.22%).