Heimir Hallgrimsson's side picked up a point from their debut appearance against Argentina, with Alfred Finnbogason cancelling out Sergio Aguero's opener before Hannes Halldorsson saved a Lionel Messi penalty.
The draw is chalked up as a 43/20 (3.15) chance with SportPesa.
Hallgrimsson could name the same starting line-up against the Super Eagles, with Finnbogason charged with leading the line and Gylfi Sigurdsson providing the creative spark for Iceland.
Nigeria's World Cup woes
The Super Eagles have won just one of their last 13 fixtures at the finals and they have been beaten in each of their last three matches in this competition.
Furthermore, Nigeria have failed to find the net in six of their last 11 matches at the World Cup; SportPesa go 33/20 (2.65) that Rohr's side draw a blank once again on Friday.
Iceland have kept a clean sheet in five of their last six competitive victories and SportPesa go 27/10 (3.70) that Hallgrimsson's team win to nil.
Better value, though, could lie in the 33/20 (2.65) quote for Iceland to keep a clean sheet in Volgograd on Friday afternoon.