The chairwoman of the Norwegian Nobel Committee, Berit Reiss-Andersen, will reveal the 2020 laureate or laureates at 11am (0900 GMT) at the Nobel Institute in Oslo.
This year's prizes in the fields of medicine, physics, chemistry, literature, peace and economics will be announced during the week of Oct.5.
The Catholic leader of the moderate Social Democratic and Labour Party, Hume was regarded by many as the principal architect behind the peace agreement.
He was nominated by Christian Tybring-Gjedde, an ultra-conservative member of the Norwegian Parliament, who praised Trump for his efforts towards resolving conflicts worldwide, Xinhua news agency reported.
The United Nations food agency, the World Food Programme (WFP), won the Nobel Peace Prize on Friday for its efforts to combat hunger and improve conditions for peace in areas affected by conflict.
In a statement on the awarding of the 2020 Nobel Prize for Peace to the World Food Programme, he said he is delighted by the decision of the Nobel Committee to award this year’s Prize for Peace to the WFP.
The deals were announced in a four-month span between mid-August and mid-December and were the most significant diplomatic breakthroughs in the Middle East in 25 years as the region girds for a prolonged confrontation with Iran.
Teen climate activist and Nobel Peace Prize winner meet at Britain's University of Oxford, to discuss activism
Sheikh Mohamed Bin Zayed congratulates Ethiopian PM, says Abiy is a wise man who has brought peace and hope to his country and region.