The Super Eagles have moved up three places to 67th, in the August edition of the FIFA rankings released on Thursday.
Nigeria has been on a free fall in the past few months, which saw them plung to new lows and experience their worst ratings in recent years.
The former African champions are now 16th in Africa.
Algeria (32) remains the highest-ranked nation on the continent.
Overall, Argentina are still number one, followed by Belgium, Colombia, Germany, Chile, Portugal, France, Spain, Brazil and Italy.