Preheat oven to 350°F (175°C). Grease and flour a 10-inch bundt pan.
Whisk together flour, baking soda, salt, cinnamon, and nutmeg in a medium bowl.
In a large bowl, beat oil, sugar, eggs, and vanilla until well combined.
Gradually add dry ingredients to wet ingredients, mixing just until combined.
Fold in chopped apples and nuts.
Pour batter into prepared bundt pan.
Bake for 55-60 minutes or until a toothpick inserted comes out clean.
Cool in pan for 15 minutes before inverting onto a wire rack.
Mix cinnamon and sugar for coating; sprinkle over warm cake.