The 22-year-old who signed a contract extension at the Emirates Stadium is the only Nigerian player abroad that is worth over 50 million euros according to the latest rankings.

Alex Iwobi stats

The rankings are released for the top five league across Europe and Iwobi is now ahead of Leicester City midfielder Wilfred Ndidi .

Iwobi overtakes Ndidi

Iwobi’s emergence as the most valuable Nigerian in Europe is no surprise as he has become a regular at Arsenal producing impressive performances for the Gunners.

The Hale Academy graduate is worth €52.4m, as Ndidi’s market value of €79.2m in February 2018 has now dropped to €49.8 million.

The €18.5m reduction in Ndidi’s value has come after he also signed a long-term contract with Leicester City after the 2018 FIFA World Cup in Russia.

Retired is the third most valuable Nigeria, the Chelsea star is worth €37.4m.

Other players in the top five are Leicester City forward Kelechi Iheanacho worth €17.5m and Bordeaux new boy Samuel Kalu worth €8.3m.

Other Nigerian players in the top are Isaac Success - €7.5m, Moses Simon - €6.9m, William Troost-Ekong - €6.1m, Ola Aina - €5.1m.

Super Eagles new boy is worth €3.6m and is the highest ranked teenager, others are Joel Obi - €3.5m, Leon Balogun - €2.2m, Anthony Ujah - €1.7m and Kenneth Omeruo - €1.2m.