Preheat your oven to 350 degrees.

Prepare a Bundt pan by buttering the pan and lightly dusting with flour. Set aside.

In a mixing bowl, cream together the butter and sugar.

Add the eggs, one at a time.

Then add vanilla, and mix well.

In a separate bowl, combine the flour, baking powder, cinnamon and nutmeg.

To the butter mix, add 1/3 of the flour mix, then 1/2 of the eggnog. Repeat until all combined.

Pour into the prepared Bundt pan.

Bake at 350 degrees for 40 minutes, or until a toothpick inserted in the centre comes out clean.

While the cake is baking, mix together the glaze ingredients until smooth. Set aside.

Once the cake has baked, let it cool for about 10 minutes in the pan, then turn the cake out onto a plate, and drizzle on the eggnog glaze.