I think you'll find that the greater part of the nicotine is absorbed in the soft tissues of the mouth and nasal regions, ask any pipe or cigar smoker.
it's interesting, the comments about cigar and pipe smoking.. one should note that the acidity of cigarette smoke versus the alkalinity of cigar and pipe smoke seriously effects the rate and level of uptake through the mucus membranes in the mouth nose and throat...
Cigarette smoke is more acidic than cigar smoke, and is therefor easier to inhale, but that same acidity reduces the level of absorption through the mucus membranes. The lungs absorb the nicotine just fine, and uptake is almost immediate. The 99% effective figures are consistent with everything I've seen. Mucus membrane absorption rates are in the realm of 9-15%
The alkalinity of cigar smoke makes it less pleasant to inhale, but also increases the level of absorption through the mucus membranes, however that absorption takes between 15 and 45 minutes depending on body chemistry and other variables. absorption rates are something on the level of 35-40%. If cigar smoke is inhaled, the lungs absorb the nicotine just as effectively as they do the cigarette smoke
Long story short, the reason cigarettes are more addictive has nothing to do with nicotine levels, but rather the fact that the brain recognizes the act of smoking a cigarette as the source of the nicotine, but since the cigar smoker doesn't start receiving the nicotine uptake for quite a while after he starts smoking, and continues to for a time after finishing his smoke, so the brain doesn't recognize the act of smoking as the source of the nicotine, and therefore doesn't have the same type of cravings.
Inhaling cigar smoke is common among ex-cigarette smokers, and it will likely jump start the addiction back again. A 54ring x 6" cigar can have as much nicotine as a pack of cigarettes (or more, some figures for certain cigars would be more like 2-3 packs!) if you're an ex-smoker, don't expect to be able to just "have a cigar once in a while" you might be fine, but most likely, you'll find yourself with pretty serious cravings
Sorry, that has very little to do with the original posters question, but rather clarifies other things said...