Prepare a bundt cake pan by coating it with non-stick cooking spray and a thin layer of flour, set aside
In a large mixing bowl, cream together sugar and butter together until fluffy
Add eggs, one at a time, beating for 30 seconds between each
Combine half of flour, baking powder, salt, nutmeg, and eggnog to batter. Beat until smooth. Repeat with remaining ingredients
Pour batter into the prepared bundt pan. Using a spatula, smooth the top fo the batter
Bake for 1 hour 25 minutes or until a toothpick comes out clean.
Allow cake to cool for 15 minutes in bundt pan before flipping and removing from the pan.
To prepare glaze, whisk powdered sugar and eggnog together in a small mixing bowl until smooth
Drizzle icing over top of completely cooled cake and serve