Abstract Every human community narrates stories. This accounts for human beings to be regarded as story telling beings. These cultural stories serve as a regurgitating store house from where individuals or members of a particular society learn about the events, culture or norms of his people that have lived. They also constitute the traditional code of conduct governing everyday living patterns of societal life. The oral narratives have Yoruba educate, entertain and preserve their cultural etiquettes with the aid of these various forms of oral performance. With the aid of diverse narratives, these people progress, maintain discipline and remain indivisible element living in unity to date. This paper tries to examine the various forms of the oral narratives, the usage etiquette, types, ways, conditions and the prospect of these forms in the era of accelerated globalization. To conclude this paper, problems militating against proper and effective usage of this genre of literature were highlighted and ways of surmounting this cultural embellishment were proffered