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This study is conducted to investigate the awareness and usage of electronic journals (e-journals) in Nigerian university libraries with a distinctive focus on the students of Joseph Ayo Babalola University, Nigeria. A total number of two thousand six hundred and seventy (2670) students of the university who utilized the main library and the e-library during the 2018/2019 academic session represented the population of the study. The survey research method was espoused for the study. A questionnaire was administered as a data collection instrument. Frequency counts and simple percentages were used in analyzing the data collected. The study revealed that the use of e-journals has a remarkable impact on the academic performances of the students in Joseph Ayo Babalola University, Ikeji - Arakeji, though there is a need for the students to attain more proficiency skills in the use of electronic resources. It was recommended that the University Library improves upon its subscription to paid e-journals and databases, increase the library internet bandwidth, expand the e-library facilities including the computers, printers, scanners, photocopiers etc. The university is likewise entreated to heap on users training in information communication technology and the use of the internet for academic purposes.