Magnetic and dielectric materials can be blended to enhance absorption properties at microwave frequencies, although the materials may have relatively weak attenuation capabilities by themselves. The specific goal of this work is to enhance microwave absorption properties of materials with interesting dielectric behavior by blending them with magnetic materials based on transition metals. The synthesized Mn_1−xZn_xFe₂O₄ (x = 0.0 and 1.0) spinel ferrite nanoparticles (MZF NPs) were blended with commercial multi-walled carbon nanotubes (MWCNTs) in various proportions with a binder matrix of paraffin. This simple and efficient process did not cause a significant variation in the energy states of MWCNTs. MZF NPs were synthesized with a citric acid assisted sol–gel method. Their electromagnetic characteristics and microwave absorption properties were investigated. These properties were derived from the microwave scattering parameters measured via the transmission line technique by using a vector network analyzer (VNA) in conjunction with an X band waveguide system. The return loss (RL) values of the samples were obtained from the electromagnetic constitutive parameters (permittivity and permeability). The results indicate that the minimum RL value and the bandwidth change significantly with the amount of ferrite material in the blend. These results encourage further development of MWCNTs blended with ferrite nanoparticles for broadband microwave applications.