In the latest edition of the monthly FIFA rankings released today the Super Eagles have dropped by one spot as the team was ranked 42nd in the previous rankings.
The Super Eagles was ranked 43rd best national football team.
The national team, who is yet to recover from their failure to qualify for the 2015 Africa Cup of Nations, Afcon, in Equatorial Guinea have equally lost ground on the continent.
The Eagles are now ranked 9th in Africa.
The Desert Foxes of Algeria remains the highest world-ranked African team in 18th place and are followed by fellow North Africans, Tunisia in the 22nd spot.
Ivory Coast, Senegal, Ghana, Guinea, Cape Verde Islands, Cameroon, Nigeria and Zambia complete the list of the top ten teams in Africa.
There were no changes in the top 20 teams in the world; as Germany still sits on the number 1 spot.
This is the second time since 1993 that the Germans have finished a year on top and they were greatly helped with the massive points amassed en-route winning the 2014 World Cup in Brazil.
In its statistical breakdown, FIFA revealed that a total of 834 matches were taken into consideration in the course of the year.
More than half of those games were friendlies -468, plus 302 qualifiers for continental final competitions and 64 World Cup contests.
The next FIFA/Coca-Cola World ranking, the first for the New Year, will be published on January 8, 2015.