The latest FIFA men's ranking released on Thursday morning shows that the Super Eagles have climbed 14 places.
The three-time African champions are now ranked 28th in the world.
The West Africans are also now ranked the third best team in Africa.
Morocco are the highest ranked country on the continent, with Senegal in second position.
Egypt and Cote d’Ivoire complete the top five teams on the continent.
The next edition of the FIFA/Coca-Cola Men’s World Ranking will be published on 4 April.