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    MarketForces Africa » MarketForces News » First American Pope Elected, Chooses Name LEO XIV

    First American Pope Elected, Chooses Name LEO XIV

    Julius AlagbeBy Julius AlagbeMay 8, 2025 News No Comments3 Mins Read
    First American Pope Elected, Chooses Name LEO XIV
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    First American Pope Elected, Chooses Name LEO XIV

    Cardinal Robert Prevost has been elected as the new pope. Prevost is a U.S. citizen and native of Chicago, and the first American pontiff in history. He has taken the name Pope Leo XIV.

    The conclave, which voted for a new leader after Pope Francis’s passing, chose Prevost on the second day of deliberations. The 69-year-old was elected pope at the Vatican City, Italy, on Thursday.

    The pope has made his first address amidst a cheering crowd.  The Cardinals gathered in the Vatican’s Sistine Chapel have elected Cardinal Robert Francis Prevost as the 267th Pope, who took the name Pope Leo XIV.

    The chimney atop the Sistine Chapel released a plume of white smoke on Thursday, signalling that the 133 cardinals working inside had reached a two-thirds majority to elect a new pope for the Catholic Church.

    A senior cardinal deacon, stood on the balcony on the facade of St. Peter’s Basilica, overlooking St. Peter’s Square and declared in Latin: “Nuntio vobis gaudium magnum: habemus papam” – “I announce to you a great joy: We have a pope”.

    American Cardinal Robert Prevost was announced as the choice to replace Pope Francis. Bells at St. Peter’s Basilica rang and crowds cheered as the white smoke billowed from the chimney. The new leader of the Catholic Church was chosen amid the third round of conclave voting.

    Cardinal Robert Prevost selected the name Leo XIV as his name for pope, a senior cardinal deacon announced. John, the most popular name selected among cardinals, has been used 23 times. Gregory has been used 16 times, and Benedict has been chosen 16 times.

    The only name that is not allowed to be used is Peter, which is an unwritten rule in the Catholic Church, paying respect to the first pope, Saint Peter.

    American Cardinal Robert Prevost stands on the balcony on the facade of St. Peter’s Basilica as the new leader of the Roman Catholic Church. Cardinal Robert Prevost, 69, is an American who has spent much of his career as a missionary in Peru.

    Made a cardinal by Pope Francis in 2023, he has given few media interviews and rarely speaks in public. Originally from Chicago, he has attracted interest from his peers because of his quiet style and support for Francis’ 12-year papacy, especially his commitment to social justice issues.

    Prevost served as a bishop in Chiclayo, in northwestern Peru, from 2015 to 2023.

    Francis brought him to Rome that year to head the Vatican office in charge of choosing which priests should serve as Catholic bishops across the globe, meaning he has had a hand in selecting many of the world’s bishops.

    Prevost said during a 2023 Vatican press conference: “Our work is to enlarge the tent and to let everyone know they are welcome inside the Church.” #First American Pope Elected, Chooses Name LEO XIV Equities Investors Gain N1.04trn as Nigerian Stocks Boom

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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