Download nagios-4.0.8.tar.gz from http://www.nagios.org/download 
  Untar the source code:
#
tar zxvf nagios-4.0.8.tar.gz
#
cd nagios-4.0.8
  Compile the new source code:
nagios-4.0.8]#
./configure --with-command-group=nagcmd
nagios-4.0.8]#
make all
nagios-4.0.8]#
make install
  Verify the Nagios configuration for
errors:
nagios-4.0.8]#
/usr/local/nagios/bin/nagios -v /usr/local/nagios/etc/nagios.cfg
Nagios
Core 4.0.8
Copyright
(c) 2009-present Nagios Core Development Team and Community Contributors
Copyright
(c) 1999-2009 Ethan Galstad
Last
Modified: 08-12-2014
License:
GPL
Website:
http://www.nagios.org
Reading
configuration data...
.
.
.
Running
pre-flight check on configuration data...
Checking
objects...
       
Checked 1231 services.
       
Checked 221 hosts.
       
Checked 34 host groups.
       
Checked 2 service groups.
       
Checked 28 contacts.
       
Checked 27 contact groups.
       
Checked 127 commands.
       
Checked 7 time periods.
       
Checked 0 host escalations.
       
Checked 0 service escalations.
Checking
for circular paths...
       
Checked 221 hosts
       
Checked 0 service dependencies
       
Checked 172 host dependencies
    
   Checked 7 timeperiods
Checking
global event handlers...
Checking
obsessive compulsive processor commands...
Checking
misc settings...
Total
Warnings: 0
Total
Errors:   0
  Start Nagios service # service nagios restart
 
Now check Nagios GUI http://<Nagios server IP>/nagios and observe the new version.
