Do you want to upgrade your current Nginx version and upgrade to latest nginx version on your Ubuntu server?
First, check your nginx version :
nginx -v
On Ubuntu it shows like this:
nginx version: nginx/1.4.6 (Ubuntu)
Then add Nginx PPA
sudo add-apt-repository ppa:nginx/stable
After that we need to update our Ubuntu aptitude
sudo apt-get update
Then rerun install nginx to upgrade it:
sudo apt-get install nginx