Nigeria moved into 38th position on Fifa's latest Women's World Rankings released for the first quarter of 2020 on Friday.
The African champions climbed a spot from 39th position in December 2019 amid the country's inactivity since bowing out of the Olympic Games qualifiers last October.
The Super Falcons missed out on a return to the showpiece event for the third time in a row at the expense of West African rivals Cote d'Ivoire on the away goal rule following a 1-1 aggregate score.
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Nigeria retained the top spot in the standings in Africa, while Cameroon kept the second place despite dropping two places to 51st following a shock loss to Zambia earlier in March.