The world is facing serious threats from the depletion of non-renewable energy resources, freshwater shortages and food scarcity. As the world population grows, the demand for fresh water, energy, and food will increase, and the need for treating and recycling wastewater will rise. In the past decade, wastewater has been recognized as a resource as it primarily consists of water, energy-latent organics and nutrients. Microbial fuel cells (MFC) have attracted considerable attention due to their versatility in their applications in wastewater treatment, power generation, toxic pollutant removal, environmental monitoring sensors, and more. This article provides a review of MFC technologies applied to the removal and/or recovery of nutrients (such as P and N), organics (COD), and bioenergy (as electricity) from various wastewaters. This review aims to provide the current perspective on MFCs, focusing on the recent advancements in the areas of nutrient removal and/or recovery with simultaneous power generation.