The Super Eagles have dropped five places to 40th-placed team in the world in the latest World Ranking released by FIFA on Thursday.
The latest ranking, saw the Eagles continue their recent slump on the FIFA Ranking, having last moved up in the ranking released February last year.
The ranking also saw the Eagles drop to the sixth-placed side on the continent.
In the period under review, the Eagles played two games, losing 1-0 to Guinea-Bissau in their 2023 Africa Cup of Nations qualifiers in Abuja before winning by the same margin in the return leg.
World Champions Argentina returned to the summit of the rankings for the first time six years, dislodging Brazil who dropped to third behind France.
There was no other movement in the top 10 as Belgium remained fourth and England in fifth ahead of Netherlands, Croatia, Italy, Portugal and Spain in sixth to 10th positions respectively.
Morocco maintained their domination of the continent after following their World Cup exploits – where they got to the semi-finals – with a 2-1 friendly win over Brazil to remain 11th, while African Champions, Senegal, moved up one placed to 18th and second on the continent.
Tunisia who are the third-placed side in Africa also moved up two places to 28th in the World, while Algeria moved up six placed to be ranked 34th in the world and fourth in Africa from their previous position as the seventh in the continent.
Egypt occupied the fifth position, moving up one place in Africa and four places in the world to be ranked 39th.