Heat the oil in a large skillet over medium-high heat.
If the chicken breasts are thick, slice them horizontally into thinner cutlets for faster and more even cooking.
Place the chicken into the hot skillet and season with salt, garlic powder, and black pepper.
Cook for 3–4 minutes per side until lightly browned and mostly cooked through.
Remove the chicken and set it aside on a plate.
Reduce the heat to medium.
Add the chicken broth, lime juice, coconut milk, minced garlic, salt, and pepper to the skillet. Stir well while scraping up the flavorful browned bits from the bottom of the pan.
Return the chicken to the skillet, cover, and simmer for about 5 minutes until fully cooked and the sauce thickens slightly. This Coconut Lime Chicken develops even more flavor as it simmers.
Taste and adjust the seasoning if needed.
Drizzle a spoonful of the remaining coconut milk over the chicken before serving and garnish with fresh cilantro.