The Super Eagles moved up four places to 32nd position in the latest FIFA world ranking released on Thursday morning.
The three-African champions are also now the third-best team in Africa behind newly crowned AFCON champions Senegal and Morocco.
Super Eagles won all three group matches at the 2021 Africa Cup of Nations in Cameroon.
Austine Eguavoen’s side however crashed out in the second round after going down to a 1-0 defeat to Tunisia.
The Super Eagles were ranked 36th and fifth-best team in Africa heading to competition but still moved up in the ranking despite their exit in Cameroon.