Iheanacho has now scored three goals and provided three assists in this season’s Europa League.
The Super Eagles star opened scoring for the Foxes on 21 minutes before doubling their lead on 48 minutes.
He then turned provider by setting up Dennis Praet for Leicester’s third in the 67th minute.
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With 12 minutes left in the game Leicester went 4-0 ahead thanks to James Maddison.
Iheanacho was later replaced by Ayoze Perez in the 72nd minute.
Leicester are now on nine points after three games and top the group while Braga are second on six points.
In Group L, Kevin Akpoguma saw action for Hoffenheim who outclassed visiting Slovan Liberec 5-0.
Akpoguma was later withdrawn after playing for 61 minutes.
The win on Thursday was Hoffenheim’s third which place them top in the group on nine points.
And in the Netherlands, Chidera Ejuke could not help CSKA Moscow lose 3-1 to Feyenoord in Group K.
Ejuke made way with 14 minutes left in the game which means they are now bottom without a win and on two points.
Other fixtures saw Arsenal come from behind to beat Leke James’ Molde 4-1, Lille thrashed AC Milan 3-0 at the San Siro, PAOK spanked PSV 4-1 and Sparta Prague defeated Celtic 4-1.
By James Agberebi
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