Super Eagles of Nigeria moved four steps up from 46 to 42 in the latest FIFA world ranking released on Thursday.
In the continent, the three-time African champions displaced Morocco to occupy the 3rd position.
The Super Eagles improved from its March points of 1427 to 1432.
Tunisia maintained their number one spot while Teranga Lions of Senegal are second in the continent.
Morocco, Congo Democratic Republic, and Ghana are 4th, 5th and 6th respectively.
Israel (84th, up 8) enjoyed the biggest jump of all, followed closely by Guatemala (143rd, up 6) and Tanzania (131st, up 6) after the latter booked their CAF Africa Cup of Nations place.
Two other sides preparing to appear at the AFCON in June, Congo DR (46th, up 5) and Ghana (49th, up 3), were the only two sides to reach the top 50, while Kosovo (127th, plus 3) continued their steady climb up the World Ranking.
Senegal and Tunisia are ranked 23rd and 28th respectively in the world.
Belgium also maintained its number one spot in the world.
The top ten nations in the world rankings are: Belgium (1), France (2), Brazil (3), England (4), Croatia (5), Uruguay (6), Portugal (7), Switzerland (8), Spain (9), Denmark (10).