A form of intelligence that involves the ability to monitor one's own and others' feelings and emotions, to discriminate among them and to use this information to guide one's thinking and actions is necessary especially among University students. The present study investigated the relationship between psychological wellbeing and emotional intelligence among undergraduates. A total of 241 participants comprising 120 male and 121 female undergraduate students, between the ages of 20 – 30 years, with a mean age of 24.20 and a standard deviation of 2.71 were selected. They were selected making use of simple random sampling technique from population of Faculty of the Social Science, Faculty of Law and Faculty of Environmental Science, Agbani Campus, Enugu State University of Science and Technology, Enugu State. Psychological WellBeing Scale (Ryff, 1989) with internal consistency reliability coefficients that ranges from .86 to .93 for the six sub-scales and Emotional Intelligence Scale (Wong & Law, 2002) with a Cronbach Alpha of .77 as reported by Chinaweze (2014) were used in the study. Correlation design was adopted while Pearson product moment correlation statistics result showed that Psychological well being (Autonomy r = .41, P < .01, r2 = .17; Environmental Mastery r = .54, P < .01, r2 = .34; Personal Growth r = .56, P < .01, r2 = .31; Positive Relation r = .59, P < .01, r2 = .335; Purpose in Life r = .40, P < .01, r2 = .16; and Self Acceptance r = .28, P < .01, r2 = .08) correlated significantly with emotional intelligence. The findings were discussed in view of literature reviewed and recommendations were made.