diff --git a/NEWS b/NEWS
index 8e0297b..d291dd2 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,9 @@
+### mate-terminal 1.24.0
+
+  * Translations update
+  * terminal-encoding: use settings_global variable
+  * Fix build using gcc 10 -fno-common flag
+
 ### mate-terminal 1.23.1
 
   * tx: fix merge issue with italian translation
diff --git a/configure.ac b/configure.ac
index 58cbf53..5a9f54c 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,6 +1,6 @@
 m4_define(mt_major_version, 1)
-m4_define(mt_minor_version, 23)
-m4_define(mt_micro_version, 1)
+m4_define(mt_minor_version, 24)
+m4_define(mt_micro_version, 0)
 m4_define(mt_version, mt_major_version.mt_minor_version.mt_micro_version)
 
 m4_define(mt_api_version, 0)