Stir together the butter and maple syrup until smooth. Refrigerate until ready to serve.
For the Pancakes:
In a large bowl whisk together the flour, sugar, baking powder, salt, cinnamon and nutmeg.
In a separate bowl whisk together the vegetable oil, eggs and milk.
Gently add the wet ingredients to the dry ingredients, stirring just until combined. This is a thick batter.
Bring a griddle to medium heat. Brush the griddle with vegetable oil and cook the pancakes on the first side until many bubbles form (about 1-2 minutes). Flip and then cook an additional minute on the second side.
Serve immediately with maple butter and additional maple syrup.
Notes
Melted (unsalted) butter can be used in place of the vegetable oil.