1. In a medium bowl, stir together flour, baking powder, cinnamon, salt and nutmeg.
2. In a separate bowl, combine milk, honey, egg and oil; pour over dry ingredients. Stir just enough to moisten flour.
3. Gently fold in apricots and walnuts.
4. Pour into a greased loaf pan; Bake in 350° oven 60 to 70 minutes or until done.
5. Remove from oven; let stand on rack about 10 minutes. Remove from pan.